GOL has posted BRL309.5 million ($94.2 million) net profit for the 2016 second quarter, reversing a net loss of BRL354.9 million in the prior-year period. Revenue fell by 2% to BRL2.09 billion, while operating expenses fell 5% to BRL2.26 billion. GOL reported a BRL17.4 million operating loss for the second quarter, narrowed from a BRL251.1 million operating loss the prior-year period. On an adjusted basis, which takes into account the return of leased aircraft, GOL’s operating loss for the second quarter was BRL149.6 million, narrowing from BRL261.3 million in the year-ago quarter. In the 2016 second quarter, GOL reported non-recurring

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