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GOL Linhas' (GOL) Traffic and Load Factor Increase in August

GOL Linhas Aereas Inteligentes GOL 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, LATAM Airlines LTM and Azul AZUL 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.

 

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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report
 
Copa Holdings, S.A. (CPA) : Free Stock Analysis Report
 
LATAM Airlines Group S.A. (LTM) : Free Stock Analysis Report
 
AZUL SA (AZUL) : Free Stock Analysis Report
 
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Zacks Investment Research

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