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Gol Linhas (GOL) Traffic & Load Factor Improve in December
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Gol Linhas Aereas Inteligentes reported strong traffic numbers for December 2021 as air-travel demand continues to recover in Latin America.
Traffic, measured in revenue passenger kilometers (RPK), rose 14.7% year over year to 2.9 billion. Capacity, measured in available seat kilometers (ASK), increased 13.4% year over year to 3.5 billion in December. Since traffic growth was more than capacity expansion, load factor (percentage of seats filled by passengers) moved up 0.9 percentage points (p.p) to 81.9% last month.
With steady improvement in travel demand, RPK climbed 10% year over year in 2021. In response to this uptick, Gol Linhas expanded its capacity by 7.5% in the last year. Load factor ascended 1.9 p.p to 82% in 2021.
Gol Linhas’ domestic supply increased 11.4% and demand rose 12.6% in December. The carrier’s domestic load factor in the month was 81.9%. The domestic volume of departures rose 20.6% and seats increased 19.9%. The carrier reported an international supply of 64 million and a demand of 51 million. In December, the total (both domestic and international) number of departures increased 21.7%, while the total number of seats rose 20.9%.
Consistent improvement in traffic is expected to buoy Gol Linhas’ top-line numbers in the December quarter. Detailed results will be out on Feb 17.
The long-term expected earnings per share (three to five years) growth rate for J.B. Hunt is pegged at 15%. JBHT is benefiting from strong performances across all its segments. The Dedicated Contract Services (DCS) unit is being aided by fleet-productivity improvement and a rise in average revenue-producing trucks. The Integrated Capacity Solutions (ICS) unit is gaining from a favorable customer freight mix as well as higher contractual and spot rates.
JBHT’s measures to reward its shareholders are encouraging. Driven by the tailwinds, the stock has increased 37% in the past year. J.B. Hunt currently carries a Zacks Rank #2 (Buy).
The long-term expected earnings per share (three to five years) growth rate for FedEx is pegged at 12%. FDX is benefitting from a surge in e-commerce demand amid the pandemic.
FDX exited first-quarter fiscal 2022 with cash and equivalents of $6,853 million, much higher than its current debt of $125 million. Driven by the tailwinds, the stock has moved up 6.6% in the past year. FedEx currently carries a Zacks Rank #2.
The long-term expected earnings per share (three to five years) growth rate for Schneider is pegged at 17.9%. SNDR benefits from strong performance in the Intermodal and Logistics units.
SNDR’s third-quarter cash balance is also encouraging. Driven by the tailwinds, the stock has moved up 22.2% in the past year. Schneider currently carries a Zacks Rank #2.
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Gol Linhas (GOL) Traffic & Load Factor Improve in December
Gol Linhas Aereas Inteligentes reported strong traffic numbers for December 2021 as air-travel demand continues to recover in Latin America.
Traffic, measured in revenue passenger kilometers (RPK), rose 14.7% year over year to 2.9 billion. Capacity, measured in available seat kilometers (ASK), increased 13.4% year over year to 3.5 billion in December. Since traffic growth was more than capacity expansion, load factor (percentage of seats filled by passengers) moved up 0.9 percentage points (p.p) to 81.9% last month.
With steady improvement in travel demand, RPK climbed 10% year over year in 2021. In response to this uptick, Gol Linhas expanded its capacity by 7.5% in the last year. Load factor ascended 1.9 p.p to 82% in 2021.
Gol Linhas’ domestic supply increased 11.4% and demand rose 12.6% in December. The carrier’s domestic load factor in the month was 81.9%. The domestic volume of departures rose 20.6% and seats increased 19.9%. The carrier reported an international supply of 64 million and a demand of 51 million. In December, the total (both domestic and international) number of departures increased 21.7%, while the total number of seats rose 20.9%.
Consistent improvement in traffic is expected to buoy Gol Linhas’ top-line numbers in the December quarter. Detailed results will be out on Feb 17.
Zacks Rank & Stocks to Consider
Gol Linhas currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Some better-ranked stocks in the broader Zacks Transportation sector are J.B. Hunt Transport Services (JBHT - Free Report) , FedEx Corporation (FDX - Free Report) and Schneider National (SNDR - Free Report) .
The long-term expected earnings per share (three to five years) growth rate for J.B. Hunt is pegged at 15%. JBHT is benefiting from strong performances across all its segments. The Dedicated Contract Services (DCS) unit is being aided by fleet-productivity improvement and a rise in average revenue-producing trucks. The Integrated Capacity Solutions (ICS) unit is gaining from a favorable customer freight mix as well as higher contractual and spot rates.
JBHT’s measures to reward its shareholders are encouraging. Driven by the tailwinds, the stock has increased 37% in the past year. J.B. Hunt currently carries a Zacks Rank #2 (Buy).
The long-term expected earnings per share (three to five years) growth rate for FedEx is pegged at 12%. FDX is benefitting from a surge in e-commerce demand amid the pandemic.
FDX exited first-quarter fiscal 2022 with cash and equivalents of $6,853 million, much higher than its current debt of $125 million. Driven by the tailwinds, the stock has moved up 6.6% in the past year. FedEx currently carries a Zacks Rank #2.
The long-term expected earnings per share (three to five years) growth rate for Schneider is pegged at 17.9%. SNDR benefits from strong performance in the Intermodal and Logistics units.
SNDR’s third-quarter cash balance is also encouraging. Driven by the tailwinds, the stock has moved up 22.2% in the past year. Schneider currently carries a Zacks Rank #2.