Gol Linhas Aereas Inteligentes S.A.’s (NYSE:GOL) reported mixed traffic numbers for February, 2020. Domestic demand and supply increased on a year-over-year basis despite sluggish performance on the international front. Moreover, consolidated load factor (% of seats filled by passengers) declined in the month.
Traffic Statistics in Detail
Consolidated traffic, measured in revenue passenger kilometers (RPK), moved up 7.2% to 3.4 billion. While international RPK declined 3.3%, domestic RPK rose 9.1% in February.
On a year-over-year basis, consolidated capacity (measured in available seat kilometers/ASKs) increased 7.7% to approximately 4.2 billion. While international capacity contracted 3.2%, domestic capacity expanded 9.9%.
Internationally, volumes of departures and seats increased 14.3% and 11.5%, respectively, on a year-over-year basis. On the domestic front, volumes of departures and seats rose 10.4% and 8.7%, respectively.
Meanwhile, since capacity expansion outweighed traffic increase consolidated load factor decreased 40 basis points to 80.7%.
Zacks Rank & Key Picks
GOL Linhas carries a Zacks Rank #3(Hold).
Some better-ranked stocks in the Zacks Airline industry are Azul S.A. (NYSE:AZUL) , Spirit Airlines, Inc. (NYSE:SAVE) and Ryanair Holdings plc (NASDAQ:RYAAY) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Azul has trailing four-quarter positive earnings surprise in excess of 100%, on an average. The carrier reported lower-than-expected earnings per share (EPS) in one of the last four quarters and beat estimates in the other three.
Spirit Airlines has trailing four-quarter positive earnings surprise of 2.8%, on average. The carrier reported in line EPS in one of the last four quarters and beat the consensus mark in the other three.
Ryanair has trailing four-quarter positive earnings surprise of 56.3%, on average. The carrier reported lower-than-expected EPS in one of the last four quarters and beat the Zacks Consensus Estimate in the other three.
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