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Gol Linhas' (GOL) June Traffic Increases From May Levels
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Gol Linhas Aereas Inteligentes posted impressive traffic numbers for the month of June, as air-travel demand picks up on increased vaccination programs.
Traffic, measured in revenue passenger kilometers, moved up 20.8% month on month in June. Owing to increased travel demand, the company raised its capacity significantly. In the same time frame, capacity measured in available seat kilometers rallied 26.7%. Since traffic surge was less than capacity expansion, load factor (% of seats filled by passengers) fell by 4.1 percentage points (pp) from May levels to 83.9%.
Notably, traffic surged 281.6% year over year in June. In the same time frame, capacity expanded 260.4%. Since traffic surge was more than capacity expansion, load factor increased 4.7 pp to 83.9% from year-ago period’s levels. Gol Linhas’ total monthly departures skyrocketed 216.2% and seats surged 252.4%.
Gol Linhas transported 1.2 million passengers in June (up 278% a year-over-year basis). The Latin America-based airline did not operate international flights during June.
Zacks Rank & Stocks to Consider
GOL Linhas currently carries a Zacks Rank #3 (Hold).
Long-term (three to five years) expected earnings per share growth rate for Landstar, C.H. Robinson and FedEx is projected at 12%, 9% and 12%, respectively.
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You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >>
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Gol Linhas' (GOL) June Traffic Increases From May Levels
Gol Linhas Aereas Inteligentes posted impressive traffic numbers for the month of June, as air-travel demand picks up on increased vaccination programs.
Traffic, measured in revenue passenger kilometers, moved up 20.8% month on month in June. Owing to increased travel demand, the company raised its capacity significantly. In the same time frame, capacity measured in available seat kilometers rallied 26.7%. Since traffic surge was less than capacity expansion, load factor (% of seats filled by passengers) fell by 4.1 percentage points (pp) from May levels to 83.9%.
Notably, traffic surged 281.6% year over year in June. In the same time frame, capacity expanded 260.4%. Since traffic surge was more than capacity expansion, load factor increased 4.7 pp to 83.9% from year-ago period’s levels. Gol Linhas’ total monthly departures skyrocketed 216.2% and seats surged 252.4%.
Gol Linhas transported 1.2 million passengers in June (up 278% a year-over-year basis). The Latin America-based airline did not operate international flights during June.
Zacks Rank & Stocks to Consider
GOL Linhas currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader Zacks Transportation sector are Landstar System (LSTR - Free Report) , C.H. Robinson (CHRW - Free Report) and FedEx Corporation (FDX - Free Report) . All the stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1(Strong Buy) Rank stocks here.
Long-term (three to five years) expected earnings per share growth rate for Landstar, C.H. Robinson and FedEx is projected at 12%, 9% and 12%, respectively.
Zacks Names “Single Best Pick to Double”
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>