Gol Linhas' (GOL) January Traffic & Load Factor Increase
Zacks Investment Research | Feb 05, 2020 08:52PM ET
Gol Linhas Aereas Inteligentes S.A.’s (NYSE:GOL) traffic report for January was impressive. Both consolidated traffic and load factor (% of seats filled with passengers) increased on a year-over-year basis despite sluggish performance on the international front.
Traffic Statistics in Detail
Consolidated traffic, measured in revenue passenger kilometers (RPK), inched up 0.4% to 4.33 billion. While international RPK declined 3.7%, domestic RPK rose 1.1% in the month.
On a year-over-year basis, consolidated capacity (measured in available seat kilometers/ASKs) declined 0.1% to approximately 5.17 billion, primarily due to a 1.3% contraction in international capacity. Domestic capacity expanded 0.2%.
Internationally, volumes of departures and seats increased 10% and 9.7%, respectively, on a year-over-year basis. On the domestic front, volumes of departures and seats grew 5.5% and 4.3%, respectively.
Moreover, the carrier witnessed a 5.5% increase in passenger count during the first month of 2020 on a consolidated basis. Consolidated load factor improved to 83.9% from January 2018’s 83.5%, as traffic grew and capacity contracted.
Price Performance
Shares of Gol Linhas have outperformed the Zacks Investment Research
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