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 Traffic Rises, Load Factor Falls in February
Read MoreHide Full Article
Gol Linhas Aereas Inteligentes S.A.’s reported mixed traffic numbers for February, 2020. Domestic demand and supply increased on a year-over-year basis despite sluggish performance on the international front. Moreover, consolidated load factor (% of seats filled by passengers) declined in the month.
Traffic Statistics in Detail
Consolidated traffic, measured in revenue passenger kilometers (RPK), moved up 7.2% to 3.4 billion. While international RPK declined 3.3%, domestic RPK rose 9.1% in February.
On a year-over-year basis, consolidated capacity (measured in available seat kilometers/ASKs) increased 7.7% to approximately 4.2 billion. While international capacity contracted 3.2%, domestic capacity expanded 9.9%.
Internationally, volumes of departures and seats increased 14.3% and 11.5%, respectively, on a year-over-year basis. On the domestic front, volumes of departures and seats rose 10.4% and 8.7%, respectively.
Meanwhile, since capacity expansion outweighed traffic increase consolidated load factor decreased 40 basis points to 80.7%.
Azul has trailing four-quarter positive earnings surprise in excess of 100%, on an average. The carrier reported lower-than-expected earnings per share (EPS) in one of the last four quarters and beat estimates in the other three.
Spirit Airlines has trailing four-quarter positive earnings surprise of 2.8%, on average. The carrier reported in line EPS in one of the last four quarters and beat the consensus mark in the other three.
Ryanair has trailing four-quarter positive earnings surprise of 56.3%, on average. The carrier reported lower-than-expected EPS in one of the last four quarters and beat the Zacks Consensus Estimate in the other three.
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.7% per year.
Image: Bigstock
Gol Linhas Traffic Rises, Load Factor Falls in February
Gol Linhas Aereas Inteligentes S.A.’s reported mixed traffic numbers for February, 2020. Domestic demand and supply increased on a year-over-year basis despite sluggish performance on the international front. Moreover, consolidated load factor (% of seats filled by passengers) declined in the month.
Traffic Statistics in Detail
Consolidated traffic, measured in revenue passenger kilometers (RPK), moved up 7.2% to 3.4 billion. While international RPK declined 3.3%, domestic RPK rose 9.1% in February.
On a year-over-year basis, consolidated capacity (measured in available seat kilometers/ASKs) increased 7.7% to approximately 4.2 billion. While international capacity contracted 3.2%, domestic capacity expanded 9.9%.
Internationally, volumes of departures and seats increased 14.3% and 11.5%, respectively, on a year-over-year basis. On the domestic front, volumes of departures and seats rose 10.4% and 8.7%, respectively.
Meanwhile, since capacity expansion outweighed traffic increase consolidated load factor decreased 40 basis points to 80.7%.
Gol Linhas Aereas Inteligentes S.A. Price
Gol Linhas Aereas Inteligentes S.A. price | Gol Linhas Aereas Inteligentes S.A. Quote
Zacks Rank & Key Picks
GOL Linhas carries a Zacks Rank #3(Hold).
Some better-ranked stocks in the Zacks Airline industry are Azul S.A. (AZUL - Free Report) , Spirit Airlines, Inc. (SAVE - Free Report) and Ryanair Holdings plc (RYAAY - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Azul has trailing four-quarter positive earnings surprise in excess of 100%, on an average. The carrier reported lower-than-expected earnings per share (EPS) in one of the last four quarters and beat estimates in the other three.
Spirit Airlines has trailing four-quarter positive earnings surprise of 2.8%, on average. The carrier reported in line EPS in one of the last four quarters and beat the consensus mark in the other three.
Ryanair has trailing four-quarter positive earnings surprise of 56.3%, on average. The carrier reported lower-than-expected EPS in one of the last four quarters and beat the Zacks Consensus Estimate in the other three.
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.7% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>