GOL reports fourth quarter 2016 net loss of R$30.2bn (US$8.7m)

GOL Linhas Aereas Inteligentes reported its consolidated results for the fourth quarter and the full year of 2016. GOL reported a net loss for the quarter of R$30.2m (US$8.7m) compared to the fourth quarter of 2015, representing a negative 1.1% net margin. The airline reported full-year 2016 net income was R$1.1bn (US$316.1m), on revenues of R$9.9bn, representing a net margin of 11.2%. Operating result (EBIT) in the fourth quarter 2016 was R$198.2m, representing an EBIT margin of 7.4%. Full year 2016 EBIT reached R$696.5m, representing a margin of 7.1%. Net cash flow in the fourth quarter was R$93.8m.