|Bid||18.00 x 1000|
|Ask||0.00 x 800|
|Day's Range||20.21 - 21.00|
|52 Week Range||4.43 - 22.36|
|Beta (3Y Monthly)||-1.66|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Bullish unit revenue projections for second-quarter 2019 from the likes of Delta (DAL) and GOL Linhas (GOL) bode well for the airline space.
Gol Linhas' (GOL) upbeat unit revenue projections are a result of healthy travel demand. On the contrary, depreciation of the Brazilian real among other factors weigh on the company's costs view.
Brazilian airline Gol expects unit passenger revenue to increase by 24% in the second quarter compared to the same period last year, the company said in a corporate filing on Monday. The airline also said that unit costs excluding fuel are expected to have risen by about 15% in the second quarter from a year ago, mainly due to a 9% fall in the Brazilian real, higher payroll taxes, higher fees, and increased depreciation costs due to an expanded fleet. Gol said it repaid 100 million reais ($26.5 million) of debt in the quarter and total liquidity at the end of June was estimated at 3.7 billion reais, up from 3.5 billion in the previous quarter.
Solid travel demand aids Azul's (AZUL) June traffic. Also, load factor improves in the month as traffic growth outpaces capacity expansion.
As of late, it has definitely been a great time to be an investor in GOL Linhas A??reas Inteligentes S.A. (GOL).
Other airlines are likely to join Southwest (LUV) in extending the grounding period of Boeing 737 MAX jets in their fleets due to the detection of a new flaw by the Federal Aviation Administration.
A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers’ equity positions as of the end of the three-month period […]
Sentiment globally took a hit after U.S. President Donald Trump called off a military attack on Iran at the last minute. Stocks in Mexico, Chile and Colombia slipped between 0.1% and 0.6%. Among currencies, Mexico's peso slipped 0.5%, falling for the first time in four days, while Chile's currency was flat against a weaker dollar.
Brazil's largest domestic airline, Gol Linhas Aereas Inteligentes SA, said on Wednesday it had failed to reach an agreement to absorb its loyalty program, Smiles Fidelidade SA, after five months of negotiations. The failure of the talks, set up late last year after Smiles minority shareholders resisted efforts to do the deal outright, was a setback for Gol, which had said it needed an in-house loyalty program to be competitive. Gol's main rival, LATAM Airlines Group SA, recently completed the buyout of its loyalty program, Multiplus, which had also been separately listed.
Three more foreign airlines are in talks with the Brazilian government to start domestic flight operations in the country, Brazil's infrastructure minister Tarcisio Gomes de Freitas told reporters on Monday. Brazil's Senate passed legislation on May 22 that would permanently open up Latin America's largest air travel market after years of debate. The measure still needs to be signed by Brazil's President Jair Bolsonaro.
Nike Inc is "very concerned" about a rape accusation against Brazilian soccer star Neymar, the world's largest sportswear maker said on Thursday, raising questions about its sponsorship of one of the sport's most famous players. Nike issued a statement a day after a woman said in an interview with Brazilian SBT TV that Neymar had raped her in a Paris hotel last month. Neymar denied the allegation in an Instagram post and has said the woman was trying to extort him.
Spirit Airlines' (SAVE) focus on extending its network raises optimism on the stock and should boost its top line going forward.
On Wednesday, Mexican officials will seek to persuade the White House in talks hosted by U.S. Vice President Mike Pence that their government has done enough to stem immigration and avoid looming tariffs. "We think today's meeting with Pence and (Secretary of State Mike) Pompeo will go well, but probably not enough for a deal to stop the tariffs now," said analysts at Citigroup Research in a note. The tariffs are set to take effect on June 10 at an initial 5 percent and rise as high as 25 percent later in the year.