Due to the coronavirus pandemic affecting air travel demand severely, Gol Linhas Aereas Inteligentes’ did not operate its international flights during June. Its total monthly traffic, measured in revenue passenger kilometers (RPK), tanked 88% on a year-over-year basis.
With Gol Linhas lowering capacity in response to dwindling demand, total monthly capacity (measured in available seat miles) contracted 87.4%. Moreover, consolidated load factor (% of seats filled by passengers) fell to 79.1% from 83% a year ago. Load factor tanked as the fall in traffic was more than capacity contraction.
Gol Linhas’ total monthly departures plunged 86.9% and seats declined 87.9%.
However, with air-travel demand improving on the domestic front (domestic demand rose 95.4% in June compared with May), the company boosted its network to operate 100 flights per day for June, primarily through reopening of some bases such as Porto Seguro, Petrolina, IIheus, Juazeiro do Norte and Chapeco along with increase in flight frequencies for São Paulo, Brasilia and Rio de Janeiro airports. Additionally, supply in June increased 84.8% on a month-on-month basis.
Zacks Rank & Key Picks
Gol Linhas currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Zacks Transportation sector are Canadian Pacific Railway Limited (CP - Free Report) , TFI International (TFII - Free Report) and Canadian National Railway Company (CNI - Free Report) . All the stocks carry a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Long-term earnings (three to five years) growth rate for Canadian Pacific, TFI International and Canadian National is estimated at 7.5%, 4.1% and 6.9%, respectively.
Zacks’ Single Best Pick to Double
From thousands of stocks, 5 Zacks experts each picked their favorite to gain +100% or more in months to come. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
This young company’s gigantic growth was hidden by low-volume trading, then cut short by the coronavirus. But its digital products stand out in a region where the internet economy has tripled since 2015 and looks to triple again by 2025.
Its stock price is already starting to resume its upward arc. The sky’s the limit! And the earlier you get in, the greater your potential gain.
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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.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Due to the coronavirus pandemic affecting air travel demand severely, Gol Linhas Aereas Inteligentes’ did not operate its international flights during June. Its total monthly traffic, measured in revenue passenger kilometers (RPK), tanked 88% on a year-over-year basis.
With Gol Linhas lowering capacity in response to dwindling demand, total monthly capacity (measured in available seat miles) contracted 87.4%. Moreover, consolidated load factor (% of seats filled by passengers) fell to 79.1% from 83% a year ago. Load factor tanked as the fall in traffic was more than capacity contraction.
Gol Linhas’ total monthly departures plunged 86.9% and seats declined 87.9%.
However, with air-travel demand improving on the domestic front (domestic demand rose 95.4% in June compared with May), the company boosted its network to operate 100 flights per day for June, primarily through reopening of some bases such as Porto Seguro, Petrolina, IIheus, Juazeiro do Norte and Chapeco along with increase in flight frequencies for São Paulo, Brasilia and Rio de Janeiro airports. Additionally, supply in June increased 84.8% on a month-on-month basis.
Zacks Rank & Key Picks
Gol Linhas currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Zacks Transportation sector are Canadian Pacific Railway Limited (CP - Free Report) , TFI International (TFII - Free Report) and Canadian National Railway Company (CNI - Free Report) . All the stocks carry a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Long-term earnings (three to five years) growth rate for Canadian Pacific, TFI International and Canadian National is estimated at 7.5%, 4.1% and 6.9%, respectively.
Zacks’ Single Best Pick to Double
From thousands of stocks, 5 Zacks experts each picked their favorite to gain +100% or more in months to come. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
This young company’s gigantic growth was hidden by low-volume trading, then cut short by the coronavirus. But its digital products stand out in a region where the internet economy has tripled since 2015 and looks to triple again by 2025.
Its stock price is already starting to resume its upward arc. The sky’s the limit! And the earlier you get in, the greater your potential gain.
Click Here, See It Free >>
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.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in 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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