News Spotlight: Linhas Aéreas Inteligentes S.A. (NYSE:GOL)

On Tuesday Linhas Aéreas Inteligentes S.A. (NYSE:GOL)  started its trading session with the price $17.76 and closed at price of $17.32 by scoring -2.09%. Day range of the stock was $17.26 – $17.76. GOL stock traded with total volume of 1026515 shares while the average trading capacity remained 823835 shares.  Earnings per share was $0.05. GOL has total market capitalization of $9504976220.

On Nov. 5, 2019, GOL Linhas Aéreas Inteligentes S.A. (NYSE:GOL) Brazil’s largest domestic airline by market share, declared preliminary air traffic figures for the month of October 2019. Comparisons refer to the same period of 2018.

Highlights

  • GOL’s domestic supply (ASK) increased 7.5% and demand (RPK) increased by 11.3%. GOL’s domestic load factor was 82.8%, a 2.8 p.p. increase in comparison to October 2018. The volume of departures increased by 7.1% and seats increased by 9.7% over October 2018.
  • GOL’s international supply (ASK) and demand (RPK) increased by 28.4% and 32.6% respectively, and international load factor was 73.7%, an increase of 2.3 p.p. in relation to October 2018.
  • GOL’s total supply (ASK) was 9.7% higher due to a 10.2% increase in seats and a 7.9% increase in departures. GOL’s total demand (RPK) increased by 13.3% in comparison to October 2018 and consolidated load factor was 81.7%.

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