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GOL Linhas Aereas Inteligentes S.A.

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Shares of GOL Linhas have outperformed the Zacks categorized Tansportation- Airline industry over the last six months. Ushering in further good news, the carrier reported better-than-expected earnings per share in the first quarter of 2017. However, the bottom-line contracted 23.2% on a year-over-year basis due to higher costs. Apart from the earnings beat, the company reported impressive traffic data for April. Load factor (percentage of seats filled by passengers) also increased as traffic growth outweighed capacity expansion for the month. We are also impressed by the company's efforts to modernize its fleet.

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