We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
GOL Linhas (GOL) Reports 6.9% Rise in April Air Traffic
Read MoreHide Full Article
Gol Linhas Aereas Inteligentes SA recently reported air traffic numbers for the month of April. Consolidated traffic – measured in revenue passenger kilometers (RPK) – improved 6.9% to 2.7 billion in Apr 2017 on a year-over-year basis. International and domestic RPK in the month rose 3.2% and 7.4%, respectively.
Consolidated capacity (or available seat kilometers/ASKs) expanded 2.6% year over year to 3.4 billion, primarily buoyed by a 3.2% increase in domestic capacity. The metric, however, contracted 1.5% on the international front. Load factor – percentage of seats filled by passengers – rose 320 basis points (bps) to 79% (on a consolidated basis) in Apr 2017. This can be attributed to the fact that traffic growth was higher than capacity expansion in the month. The company recorded a 5.6% reduction in number of seats in April, while volume of departures decreased 6.2%.
On a year-to-date basis, consolidated RPK was up 2% while ASK slipped 1%. Load factor for the same period increased 230 bps to 79.4%.
Gol Linhas recently reported first-quarter 2017 earnings numbers. Earnings per share of $1.06 surpassed the Zacks Consensus Estimate of 15 cents by a significant margin. However, the bottom line contracted 23.2% on a year-over-year basis, due to escalating costs. Net revenue in the first quarter of 2017 came in at $841.2 million.
Gol Linhas currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the airline space include Air China Ltd. (AIRYY - Free Report) , Deutsche Lufthansa AG (DLAKY - Free Report) and Ryanair Holdings PLC (RYAAY - Free Report) . While Air China sports a Zacks Rank #1 (Strong Buy), Deutsche Lufthansa and Ryanair Holdings carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Air China, Deutsche Lufthansa and Ryanair gained over 43%, 41% and 17%, respectively, on a year-to-date basis.
Sell These Stocks.
Now. Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These are sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500. See today's Zacks "Strong Sells" absolutely free >>.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
GOL Linhas (GOL) Reports 6.9% Rise in April Air Traffic
Gol Linhas Aereas Inteligentes SA recently reported air traffic numbers for the month of April. Consolidated traffic – measured in revenue passenger kilometers (RPK) – improved 6.9% to 2.7 billion in Apr 2017 on a year-over-year basis. International and domestic RPK in the month rose 3.2% and 7.4%, respectively.
Consolidated capacity (or available seat kilometers/ASKs) expanded 2.6% year over year to 3.4 billion, primarily buoyed by a 3.2% increase in domestic capacity. The metric, however, contracted 1.5% on the international front. Load factor – percentage of seats filled by passengers – rose 320 basis points (bps) to 79% (on a consolidated basis) in Apr 2017. This can be attributed to the fact that traffic growth was higher than capacity expansion in the month. The company recorded a 5.6% reduction in number of seats in April, while volume of departures decreased 6.2%.
On a year-to-date basis, consolidated RPK was up 2% while ASK slipped 1%. Load factor for the same period increased 230 bps to 79.4%.
Gol Linhas recently reported first-quarter 2017 earnings numbers. Earnings per share of $1.06 surpassed the Zacks Consensus Estimate of 15 cents by a significant margin. However, the bottom line contracted 23.2% on a year-over-year basis, due to escalating costs. Net revenue in the first quarter of 2017 came in at $841.2 million.
Gol Linhas Aereas Inteligentes S.A. Price
Gol Linhas Aereas Inteligentes S.A. Price | Gol Linhas Aereas Inteligentes S.A. Quote
Zacks Rank & Key Picks
Gol Linhas currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the airline space include Air China Ltd. (AIRYY - Free Report) , Deutsche Lufthansa AG (DLAKY - Free Report) and Ryanair Holdings PLC (RYAAY - Free Report) . While Air China sports a Zacks Rank #1 (Strong Buy), Deutsche Lufthansa and Ryanair Holdings carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Air China, Deutsche Lufthansa and Ryanair gained over 43%, 41% and 17%, respectively, on a year-to-date basis.
Sell These Stocks.
Now. Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These are sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500. See today's Zacks "Strong Sells" absolutely free >>.