Gol has turned the corner. In the third quarter, the Brazilian carrier posted net profit of R$248 million ($46 million), reversing a year-earlier loss of R$1.42 billion ($263 million). Revenue rose 11.6% to R$5.54 billion ($1.03 billion). The engine of the recovery wasn’t aggressive pricing or special favors; it was basic execution—capacity up about 9%, […]
