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Gol Linhas' (GOL) April Traffic Declines From March Levels
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With Brazil reeling under a second wave of the deadly coronavirus pandemic, Gol Linhas Aereas Inteligentes posted lacklustre traffic numbers for the month of April.
Notably, traffic, measured in revenue passenger kilometers, plunged 36% sequentially in April. With falling travel demand, the company reduced capacity significantly. In the same time frame, capacity measured in available seat kilometers contracted 44.5%. Since traffic decline was less than capacity contraction, load factor (% of seats filled by passengers) moved up 11 percentage points (pp) from March levels to 82.8%.
Nevertheless, with the distribution of COVID-19 vaccine, passengers are eager to travel more now. Notably, traffic surged 289.2% year over year in April. In the same time frame, capacity expanded 273.5%. Since traffic surge was more than capacity expansion, load factor increased 3.3 pp to 82.8% from year-ago period’s levels. Gol Linhas’ total monthly departures increased 289.6% and seats surged 340.3%.
Demand in the domestic market increased 294% in April from the year-ago levels. Moreover, supply also increased 280% in April on a year-over-year basis. The Latin America-based airline did not operate international flights during April.
Zacks Rank & Stocks to Consider
Gol Linhas currently carries a Zacks Rank #4 (Sell).
Long-term (three to five years) expected earnings per share growth rate for Landstar, Triton and Herc Holdings is projected at 12%, 10% and 42.9%, respectively.
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Gol Linhas' (GOL) April Traffic Declines From March Levels
With Brazil reeling under a second wave of the deadly coronavirus pandemic, Gol Linhas Aereas Inteligentes posted lacklustre traffic numbers for the month of April.
Notably, traffic, measured in revenue passenger kilometers, plunged 36% sequentially in April. With falling travel demand, the company reduced capacity significantly. In the same time frame, capacity measured in available seat kilometers contracted 44.5%. Since traffic decline was less than capacity contraction, load factor (% of seats filled by passengers) moved up 11 percentage points (pp) from March levels to 82.8%.
Nevertheless, with the distribution of COVID-19 vaccine, passengers are eager to travel more now. Notably, traffic surged 289.2% year over year in April. In the same time frame, capacity expanded 273.5%. Since traffic surge was more than capacity expansion, load factor increased 3.3 pp to 82.8% from year-ago period’s levels. Gol Linhas’ total monthly departures increased 289.6% and seats surged 340.3%.
Demand in the domestic market increased 294% in April from the year-ago levels. Moreover, supply also increased 280% in April on a year-over-year basis. The Latin America-based airline did not operate international flights during April.
Zacks Rank & Stocks to Consider
Gol Linhas currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the broader Zacks Transportation sector include Landstar System, Inc. (LSTR - Free Report) , Triton International Limited and Herc Holdings Inc. (HRI - Free Report) . Herc Holdings sports a Zacks Rank #1 (Strong Buy), while Triton and Landstar carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Long-term (three to five years) expected earnings per share growth rate for Landstar, Triton and Herc Holdings is projected at 12%, 10% and 42.9%, respectively.
Bitcoin, Like the Internet Itself, Could Change Everything
Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.
Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
See 3 crypto-related stocks now >>