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) Traffic & Load Factor Increase in April
Read MoreHide Full Article
Gol Linhas Aereas Inteligentes S.A. reported air traffic figures for April. Consolidated traffic, measured in revenue passenger kilometers (RPK), nudged up 1.9% to 2.76 billion. The metric rose 3% on the domestic front while the international figure declined 7.2%.
On a year-over-year basis, consolidated capacity (or available seat kilometers/ASKs) inched up 0.8% to 3.46 billion, primarily on the back of 1.3% growth in domestic capacity. The carrier further witnessed 3.5% increase in passenger count in the month.
Load factor — percentage of seats filled up by passengers — rose to 79.9% from 79% in April 2017 owing to traffic expansion exceeding capacity growth. This improvement indicates the company’s focus on capacity discipline, which is likely to result in higher yields. The rise in load factor is also likely to boost the company’s profitability. This is because higher load factor implies that fixed costs are spread across more passengers.
At the end of the first four months of 2018, RPK climbed 3.9% while ASK expanded 2.8%. Moreover, load factor for the period improved 90 basis points. Also, the company recorded a marginal rise in the number of seats and volume of departures on a year-to-date basis.
The company is scheduled to report first-quarter 2018 earnings on May 9. Results are likely to benefit from strong demand for air travel. Notably, the Zacks Consensus Estimate for the to-be-reported quarter earnings has been revised 27.3% upward in the last 30 days.
Shares of SkyWest, Cathay Pacific Airways and Expeditors have rallied more than 54%, 13% and 19%, respectively, in a year.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
Gol Linhas' (GOL) Traffic & Load Factor Increase in April
Gol Linhas Aereas Inteligentes S.A. reported air traffic figures for April. Consolidated traffic, measured in revenue passenger kilometers (RPK), nudged up 1.9% to 2.76 billion. The metric rose 3% on the domestic front while the international figure declined 7.2%.
On a year-over-year basis, consolidated capacity (or available seat kilometers/ASKs) inched up 0.8% to 3.46 billion, primarily on the back of 1.3% growth in domestic capacity. The carrier further witnessed 3.5% increase in passenger count in the month.
Load factor — percentage of seats filled up by passengers — rose to 79.9% from 79% in April 2017 owing to traffic expansion exceeding capacity growth. This improvement indicates the company’s focus on capacity discipline, which is likely to result in higher yields. The rise in load factor is also likely to boost the company’s profitability. This is because higher load factor implies that fixed costs are spread across more passengers.
Gol Linhas Aereas Inteligentes S.A. Price
Gol Linhas Aereas Inteligentes S.A. Price | Gol Linhas Aereas Inteligentes S.A. Quote
At the end of the first four months of 2018, RPK climbed 3.9% while ASK expanded 2.8%. Moreover, load factor for the period improved 90 basis points. Also, the company recorded a marginal rise in the number of seats and volume of departures on a year-to-date basis.
The company is scheduled to report first-quarter 2018 earnings on May 9. Results are likely to benefit from strong demand for air travel. Notably, the Zacks Consensus Estimate for the to-be-reported quarter earnings has been revised 27.3% upward in the last 30 days.
Zacks Rank & Other Key Picks
GOL Linhas carries a Zacks Rank #2 (Buy). Other top-ranked stocks in the broader Transportation sector include SkyWest, Inc. (SKYW - Free Report) , Cathay Pacific Airways Ltd. (CPCAY - Free Report) and Expeditors International of Washington, Inc. (EXPD - Free Report) . While SkyWest sports a Zacks Rank #1 (Strong Buy), Cathay Pacific Airways and Expeditors hold a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of SkyWest, Cathay Pacific Airways and Expeditors have rallied more than 54%, 13% and 19%, respectively, in a year.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>