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) Posts Impressive March Traffic Statistics
Read MoreHide Full Article
GOL Linhas Aereas Inteligentes S.A. reported air traffic figures for March 2019. Traffic, measured in revenue passenger kilometers (RPK), climbed 5.5% to 3.14 billion. While international RPK rose 20.5%, domestic RPK grew 3.2% in the month.
On a year-over-year basis, consolidated capacity (or available seat kilometers/ASKs) was up 4.7% to 3.96 billion, primarily on 24.3% expansion in international capacity. Moreover, the carrier witnessed a 6.4% increase in passenger count during March.
Load factor — percentage of seats filled by passengers — inched up to 79.2% from 78.6% a year ago as traffic growth exceeded capacity expansion.
At the end of the first three months of 2019, RPK rose 6.2% while ASK ascended 5%. Also, load factor for the period improved 100 basis points. However, the company recorded a 1% dip in the volume of departures whereas the number of seats occupied by passengers inched up 3.2%.
The carrier’s impressive traffic figures are a result of its strong travel demand. Owing to this tailwind, passenger revenues increased 11.2% in 2018. Moreover, passenger unit revenues (PRASK) augmented 8% in the year while total unit revenues (RASK) climbed 7.3%.
Shares of SkyWest, Swire Pacific and Azul have rallied more than 28%, 22% and 8%, respectively, on a year-to-date basis.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
Image: Bigstock
GOL Linhas (GOL) Posts Impressive March Traffic Statistics
GOL Linhas Aereas Inteligentes S.A. reported air traffic figures for March 2019. Traffic, measured in revenue passenger kilometers (RPK), climbed 5.5% to 3.14 billion. While international RPK rose 20.5%, domestic RPK grew 3.2% in the month.
On a year-over-year basis, consolidated capacity (or available seat kilometers/ASKs) was up 4.7% to 3.96 billion, primarily on 24.3% expansion in international capacity. Moreover, the carrier witnessed a 6.4% increase in passenger count during March.
Load factor — percentage of seats filled by passengers — inched up to 79.2% from 78.6% a year ago as traffic growth exceeded capacity expansion.
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 three months of 2019, RPK rose 6.2% while ASK ascended 5%. Also, load factor for the period improved 100 basis points. However, the company recorded a 1% dip in the volume of departures whereas the number of seats occupied by passengers inched up 3.2%.
The carrier’s impressive traffic figures are a result of its strong travel demand. Owing to this tailwind, passenger revenues increased 11.2% in 2018. Moreover, passenger unit revenues (PRASK) augmented 8% in the year while total unit revenues (RASK) climbed 7.3%.
Zacks Rank & Key Picks
GOL Linhas carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the same space are SkyWest, Inc. (SKYW - Free Report) , Swire Pacific Ltd. (SWRAY - Free Report) and Azul (AZUL - Free Report) . While SkyWest and Swire Pacific sport a Zacks Rank #1 (Strong Buy), Azul carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of SkyWest, Swire Pacific and Azul have rallied more than 28%, 22% and 8%, respectively, on a year-to-date basis.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-holds for the year?
Who wouldn't? Our annual Top 10s have beaten the market with amazing regularity. In 2018, while the market dropped -5.2%, the portfolio scored well into double-digits overall with individual stocks rising as high as +61.5%. And from 2012-2017, while the market boomed +126.3, Zacks' Top 10s reached an even more sensational +181.9%.
See Latest Stocks Today >>