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GOL Linhas (GOL) Posts Impressive March Traffic Statistics

Zacks Equity Research

GOL Linhas Aereas Inteligentes S.A. GOL 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, Swire Pacific Ltd. SWRAY and Azul AZUL. 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.

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