Gol Linhas jumps 3.5% after reporting June total capacity up 7.0%
GOL Linhas Aereas Inteligentes announces preliminary air traffic figures for the month of June 2019. comparisons refer to the same period of 2018. GOL's domestic supply was flat and demand increased by 6.5%. GOL's domestic load factor was 84.3%, a 5.2 p.p. increase in comparison to June 2018. The volume of departures increased by 1.4% and seats increased by 1.9% over June 2018. GOL's international supply (ASK) and demand increased by 78.1% and 116.4%, respectively, and international load factor was 75.5%, an increase of 13.4 p.p. in relation to June 2018. GOL's total supply (ASK) was 7.0% higher due to a 4.7% increase in seats, a 4.6% increase in departures and a 2.2% increase in stage length. GOL's total demand increased by 14.4% in comparison to June 2018 and consolidated load factor was 83.0%. Shares of Gol Linhas are up 63c or about 3.5% to $18.55 per share in pre-market trading.