Breaking News Instant updates and real-time market news.

GOL

GOL Linhas

$21.20

-0.3 (-1.40%)

05:57
11/10/17
11/10
05:57
11/10/17
05:57

GOL Linhas reports Oct. traffic up 8.3%

GOL Linhas announces preliminary air traffic figures for the month of October. Comparisons refer to the same period of 2016. The total volume of GOL departures increased by 0.5% and the number of seats was up 0.3% in October, resulting in an increase in supply of 1.9%. GOL's load factor was 80.6% in October 2017, 4.6 p.p. up over the same period of 2016, due to a growth in demand of 8.1% in the period. In the domestic market, volume of departures and the number of seats increased by 0.5% and 0.4%, respectively over October 2016. In addition, GOL increased its supply by 1.7% in October over the same period the year before, while demand grew by 9.1%. GOL's Load factor was up 5.5 p.p. in comparison to the same month of the previous year, achieving 81.4%. In October, GOL's international market supply and demand rose by 3.9% and 0.3, respectively, reducing load factor by 2.7 p.p. in relation to the same period of 2016.

GOL GOL Linhas
$21.20

-0.3 (-1.40%)

07/05/17
SBSH
07/05/17
UPGRADE
SBSH
Neutral
GOL Linhas upgraded to Neutral from Sell at Citi
07/05/17
BOFA
07/05/17
UPGRADE
BOFA
Buy
GOL Linhas upgraded to Buy from Neutral at BofA/Merrill
07/05/17
07/05/17
UPGRADE
Target $20

Buy
Follow-up: GOL Linhas upgraded to Buy from Neutral at BofA/Merrill
As previously reported, BofA/Merrill upgraded GOL Linhas to Buy from Neutral with a $20 price target. The analyst said recent underperformance and the better than expected Q2 update provide an attractive buying opportunity.
11/06/17
BUCK
11/06/17
INITIATION
Target $29
BUCK
Buy
GOL Linhas initiated with a Buy at Buckingham
Buckingham analyst Daniel McKenzie initiated GOL Linhas with a Buy and $29 price target saying its margin and earnings recovery remains in the early stages and demand trends are handily outstripping supply.

TODAY'S FREE FLY STORIES

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.