Gol Linhas' (GOL) Traffic & Load Factor Improve in October

Gol Linhas Aereas Inteligentes GOL reported strong traffic numbers for October 2021 as air-travel demand continues to recover in Latin America.

Traffic, measured in revenue passenger kilometers (RPK), rose 13.9% year over year to 2.06 billion. Capacity, measured in available seat kilometers (ASK), increased 5.3% year over year to 2.44 billion in October. Since traffic growth was more than the amount of capacity expansion, load factor (percentage of seats filled by passengers) improved 6.4 percentage points (p.p) to 84.3% last month.

During October, Gol Linhas transported 1.9 million passengers, up 23.4% from the year-ago period. The number of departures increased 15.5% while the total numbers of seats rose 14.3%. The carrier did not operate regular international flights last month.

Gol Linhas Aereas Inteligentes S.A. Price

Gol Linhas Aereas Inteligentes S.A. price | Gol Linhas Aereas Inteligentes S.A. Quote

With steady improvement in travel demand, RPK climbed 8.4% year over year in the first 10 months of 2021. In response to this uptick in traffic, Gol Linhas expanded its capacity by 5% over the same time frame. Load factor ascended 2.6 p.p to 82% in the 10-month period.

Consistent improvement in traffic is expected to have buoyed Gol Linhas’ third-quarter performance, results of which will be available on Nov 9.

Zacks Rank & Key Picks

Gol Linhas carries a Zacks Rank #4 (Sell).

Some better-ranked stocks in the broader Transportation sector are Schneider National SNDR, Landstar System LSTR and Controladora Vuela Compania de Aviacion, B. de C.V VLRS. While Schneider National and Landstar System sport a Zacks Rank #1 (Strong Buy), Controladora Vuela carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Shares of Schneider National, Landstar System and Controladora Vuela have rallied more than 23%, 32% and 44% so far this year respectively.

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