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Gol Linhas' (GOL) September Traffic Rises From August Levels

Zacks Equity Research
·2 min read

Gol Linhas Aereas Inteligentes’ GOL reported impressive traffic numbers for September with air-travel demand improving in Latin America. People are increasingly opting for air travel nowadays as fears of contracting coronavirus has declined with widespread vaccination programs.

Traffic, measured in revenue passenger kilometers, moved up marginally on a month-over-month basis in September. In the same time frame, capacity measured in available seat kilometers rose 2.1%. Since traffic surge was less than capacity expansion, load factor (% of seats filled by passengers) fell by 1.1 percentage points (p.p) from August levels to 79.1%.

Traffic increased 36.8% year over year in September. In the same time frame, capacity expanded 38.1%. Since traffic surge was less than capacity expansion, load factor dropped 0.8 p.p to 79.1% from year-ago period’s levels. Gol Linhas’ total monthly departures surged 51.7% and seats rose 51.1%.

Gol Linhas transported 1.6 million passengers in September (up 47.8% on a year-over-year basis). The Latin America-based airline did not operate international flights during September.

Zacks Rank & Stocks to Consider

Gol Linhas currently carries a Zacks Rank #3 (Hold).

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Some better-ranked stocks in the Zacks Transportation sector are Schneider National, Inc. SNDR, Old Dominion Freight Line, Inc. ODFL and Landstar System, Inc. LSTR. All the stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1(Strong Buy) Rank stocks here.

Long-term expected earnings per share (three to five years) growth rate for Schneider National, Old Dominion and Landstar is pegged at 17.9%, 22.7% and 12%, respectively.


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Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report
 
Old Dominion Freight Line, Inc. (ODFL) : Free Stock Analysis Report
 
Landstar System, Inc. (LSTR) : Free Stock Analysis Report
 
Schneider National, Inc. (SNDR) : Free Stock Analysis Report
 
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Zacks Investment Research