"Brazil's Gol Shares Plummet Amid Rumors of US Bankruptcy Filing"

Shares of Brazilian airline Gol plummeted after reports suggested the company was considering filing for Chapter 11 bankruptcy protection in the United States within the next month. The airline has been grappling with high debt and is in discussions with financial stakeholders to improve its financial flexibility. Gol's struggles come amid a challenging period for the airline industry, with peer LATAM Airlines emerging from pandemic-related bankruptcy proceedings in 2022 with a reorganization plan.