Strong Stomach Needed to Fly Brazilian Skies With Airline Stocks Battered
Fuel prices are up, the U.S. dollar is rallying and that means stormy skies for Brazilian airlines. Gol Linhas Aereas Inteligentes SA is leading Brazil’s Ibovespa index losses month-to-date, with a 21 percent drop so far. The company is also heading for its biggest quarterly drop since its initial public offering in 2004.