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Gol reported a net loss of R5 million in April

Gol reported a net loss of R$395 million in April

The Gol airline, which is undergoing judicial recovery in the United States, said on Friday that it recorded a net loss of 395 million reais in April.

The company’s net revenue stood at 1.34 billion reais last month, while net debt reached 23.3 billion reais in the period.

The numbers are part of the company’s monthly operating report, submitted to the U.S. Bankruptcy Court, as requested during the company’s judicial recovery process.

Earnings before interest, taxes, depreciation and amortization (EBITDA) were 135 million reais in April, with an EBITDA margin of 10%, according to a relevant fact.

Source: Terra

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