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GOL Linhas' (GOL) Traffic and Load Factor Increase in August
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GOL Linhas Aereas Inteligentes reported impressive air traffic figures for August, courtesy of strong demand for air travel. Consolidated traffic, measured in revenue passenger kilometers (RPK), climbed 17.1% to 3.51 billion. While international RPK surged 72.5%, domestic RPK grew 11.2% in the same month.
On a year-over-year basis, consolidated capacity (measured in available seat kilometers or ASKs) increased 9.5% to 4.9 billion, primarily on 53.4% expansion in international capacity. Moreover, the carrier witnessed a 17.6% increase in consolidated passenger count in August driven by a 57.8% uptick on the international front.
Consolidated load factor (percentage of seats filled by passengers) improved to 82.3% from 77% a year ago as traffic growth exceeded capacity expansion. On a consolidated basis, departures and seats increased 9% and 9.3%, respectively.
In the first eight months of the year, consolidated RPK at GOL Linhas increased 9.5%, while ASK grew 5.8%. Also, the load factor for the period improved 280 basis points to 82.2%. While the company recorded a 1.5% rise in the volume of departures, the number of seats increased 4.1%.
Year to date, shares of GOL Linhas have outperformed its industry, courtesy of upbeat travel demand. The stock appreciated 14.6% compared with its industry’s 0.3% growth.
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GOL Linhas' (GOL) Traffic and Load Factor Increase in August
GOL Linhas Aereas Inteligentes reported impressive air traffic figures for August, courtesy of strong demand for air travel. Consolidated traffic, measured in revenue passenger kilometers (RPK), climbed 17.1% to 3.51 billion. While international RPK surged 72.5%, domestic RPK grew 11.2% in the same month.
On a year-over-year basis, consolidated capacity (measured in available seat kilometers or ASKs) increased 9.5% to 4.9 billion, primarily on 53.4% expansion in international capacity. Moreover, the carrier witnessed a 17.6% increase in consolidated passenger count in August driven by a 57.8% uptick on the international front.
Consolidated load factor (percentage of seats filled by passengers) improved to 82.3% from 77% a year ago as traffic growth exceeded capacity expansion. On a consolidated basis, departures and seats increased 9% and 9.3%, respectively.
In the first eight months of the year, consolidated RPK at GOL Linhas increased 9.5%, while ASK grew 5.8%. Also, the load factor for the period improved 280 basis points to 82.2%. While the company recorded a 1.5% rise in the volume of departures, the number of seats increased 4.1%.
Currently, GOL Linhas, which competes with the likes of Copa Holdings (CPA - Free Report) , LATAM Airlines and Azul (AZUL - Free Report) in the Latin American aviation space, carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Year to date, shares of GOL Linhas have outperformed its industry, courtesy of upbeat travel demand. The stock appreciated 14.6% compared with its industry’s 0.3% growth.
It’s Illegal in 42 States, But Investors Will Make Billions Legally
In addition to the companies you read about above, today you get details on the newly-legalized industry that’s tapping into a “habit” that Americans spend an estimated $150 billion on every year.
That’s twice as much as they spend on marijuana, legally or otherwise. Zacks special report revealing how investors can profit from this new opportunity. As more states legalize this activity, the industry could expand by as much as 15X. Zacks’ has just released a Special
Report revealing 5 top stocks to watch in this space
See these 5 “sin stocks” now>>