STXNEWS LATAM-Brazil's Gol to take $70 mln charge on Webjet shutdown-filing
Gol Linhas Aéreas Inteligentes SA, Brazil's No. 2 airline, said late on Monday that it will take a 140 million reais ($70 million) one-off charge for non-recurring expenses in the company's fourth-quarter results related to the shutdown of its subsidiary Webjet. The airline announced a decision to close Webjet on Nov. 23, which resulted in the dismissal of 850 workers. The decision to fire the staff and close Webjet has resulted in a series of legal lawsuits against Gol.
The company is expected to release earnings on March 25.
- First Ebola case diagnosed in the United States: CDC |
- Advanced iOS virus targeting Hong Kong protestors -security firm
- Traveler from Liberia is first Ebola patient diagnosed in U.S. |
- Hong Kong democracy protesters and officials mark uneasy National Day |
- Mayor of Los Angeles suburb of Bell Gardens shot dead