This is a 45 min flight folks. Do the math.
additionally, Edmar has made it perfectly clear the schedule can be changed if necessary to reduce capacity. This eliminates the need for any sort of sale of aircrafts.
Gol is sitting on $1,300,000,000 of USD cash and a $1,000,000,000 equity lever in Smiles. The stock is completely manipulated by hedge funds as a pure play on the Reais vs USD, which is getting pummeled right now hence the drop from $5.82 to $4. Meanwhile, WTI, which is the benchmark GOL uses to set it's guidance is running $8-9/bbl below guidance with only 20% hedged AND Edmar stated $700mm of the cash on balance sheet is hedged vs USD now which is a new development.
This Q SHOULD be profitable. The world cup is RIGHT AROUND THE CORNER.
GOL has a very special arrangement with Boeing. It is due to the fact that Embraer is based in Brazil and they want to have a flagship Boeing operator as a show of force. Additionally, GOL has a collaboration with BA for biofuel and short field landing special performance development. Therefore, GOL is simply swapping one for one next-gen 737s for older models on special terms and at the moment has no need to reduce that schedule. In fact, all financing is in place for 2014 and most of 2015s deliveries and older 737s ARE BEING SOLD.
google brazil world cup flights. sort with date and most recent. it's in the news. Gol is not specifically mentioned. This was announced Monday Afternoon by Wellington of ANAC
This is absolutely huge news and came out 5 mins before the close. Buh Bye tomorrow. going back to $5+
This stock is so cheap it's ridiculous. 2015 EPS will be $.35-.55/share. Same debt profile as JBLU with 50% more cash, few losing quarters ahead and another $1b of liquidity in Smiles holding.
When this stock breaks it's multi-year downtrend, it will head to $9 quickly.
See Reuters. This will solve all the problems. Emirates can run 777 and A380 inside Brasil for World Cup and Olympics.
Better get in now before guidance is raised tonight.
Gap and trap tomorrow.
This company has a lot of debt but a gigantic cash hoard and lever in SMILES worth another $1b USD +
$6 NEXT TARGET.
You all were warned @ $34. You can get out now still.