In a securities filing on Thursday, Gol forecast net revenue of around 11 billion reais ($3.3 billion) next year, up from about 10.4 billion reais in 2017.

Earnings before interest, taxes, depreciation and amortization, a common gauge of operational profitability known as EBITDA, are expected to equal 16 percent of revenue, up from 14 percent this year.

 

 

Copyright Reuters, 2017