Thu, Sep. 22, 9:55 AM
Tue, Aug. 16, 12:02 AM
Fri, Aug. 12, 11:40 AM
- Gol Linhas (GOL +5.7%) announces seat capacity fell 22% Y/Y in July.
- The number of departures during the month fell 22.3%.
- Demand in the international market was down 18%.
- The carrier's domestic load factor was flat Y/Y at 84.3%, while the international market load factor declined 110 bps to 75.4%.
- Gol Linhas went down a path of drastically cutting capacity earlier this year in an effort to stem losses.
- Source: Press Release
Tue, Jul. 19, 11:17 AM
- Gol Linhas (NYSE:GOL) reports total volume of departures decreased 19.7% in June and 21% in Q2.
- Capacity dropped 19.2% during the month and 20.8% in the quarter.
- Domestic supply squeezed by 5.2% in June and 8.9% in Q2.
- Domestic demand declined 6.6% in June leading to a load factor of 76.1%.
- For the quarter, domestic demand fell 11.2% with a load factor of 76%.
- International demand decreased 11.6% in June and 10.6% for the quarter.
- International load factor of 66.3% for the month and and 69.3% for the quarter.
Tue, Jul. 12, 12:46 PM
Tue, Jul. 12, 9:58 AM
- Airline stocks are making strong gains on a flurry of positive news.
- The investment in LATAM Airlines (LFL +23.9%) by Qatar Airways is having a ripple effect across other global carriers. Copa Holdings (CPA +7.9%), Avianca Holdings (AVH +8.1%), and Go Linhas (GOL +7.8%) are all solidly higher.
- In the U.S., a stronger-than-anticipated report from United Continental (UAL +7.7%) on its key Q2 revenue metric is the highlight along with a sweeping upgrade from Deutsche Bank.
- The investment firm raises United, American Airlines Group (AAL +8.6%), and Delta Air Lines (DAL +4.7%) to Buy from Hold.
- "We are of the view that all known negatives (Brexit, tepid global economic growth, over-supplied markets, etc.) are more than fully discounted in the share prices which are, on average, trading at 6.4x our 2016 EPS estimates and 6.8x our 2017 EPS estimates," reads the note from DB.
- Alaska Air Group (ALK +4.3%), JetBlue Airways (JBLU +4%), Southwest Airlines (LUV +3.4%), and Spirit Airlines (SAVE +3.3%) are all higher as well.
- The U.S. Global Jets ETF (NYSEARCA:JETS) is up 3.86% on the day.
Fri, Jun. 24, 3:02 PM
- In the rush to safety and away from cyclical stocks like airlines, Ryanar (RYAAY -5.1%), and the U.S. legacy carriers - American Airlines (AAL -10%), Delta (DAL -7.4%), and United (UAL -8.3%) - are most exposed to the Brexit, says Raymond James' Savanthi Syth.
- The Latin American airlines are also negatively exposed to the stronger U.S. dollar - Copa (CPA -4%), Gol (GOL +6%), and Latam (LFL -6.1%).
- For now, Allegiant (ALGT -1.5%), Spirit (SAVE -3.9%), and SkyWest (SKYW -5.1%) are best to hide out in, along with Alaska Air (ALK -4.3%) and Virgin America (VA -0.4%) to some extent.
Wed, Jun. 22, 12:42 PM
Wed, Jun. 22, 7:34 AM
- Gol Linhas (NYSE:GOL) reports total volume of departures declined 21.3% in May.
- Capacity squeezed 21.2% during the month.
- Domestic supply fell by 6.3% in May and 6.6% YTD.
- Domestic demand dropped 7.7% in May and 8.8% YTD.
- May domestic load factor 75.8%
- YTD domestic load factor 76.8%.
- International supply down by 8.8% in May and 16.5% YTD.
- International demand decreased 8.4% in May and 11.4% YTD.
- May international load factor +0.3 bps to 67.6%
- YTD international load factor +440 bps to 75.6%.
Tue, May 31, 7:37 AM
- Brazil Transparency Minister Silveira, whose job is to fight corruption, resigned yesterday after leaked recordings indicated he tried to subvert the government's corruption probe.
- In the recordings, Silveira criticizes prosecutors in the Operation Car Wash probe focused on Petrobras (NYSE:PBR), which has implicated dozens of politicians and led to the imprisonment of top executives, and advises the president of the Senate on how to dodge the investigations.
- Last week, the Planning Minister took a leave of absence after another recording appeared to catch him talking about the need to slow down the investigations.
- Relevant tickers: BBD, BSBR, ITUB, GOL, VALE, EBR, CPL, CIG, ERJ
- ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
Tue, May 31, 2:24 AM
- Global demand for air travel may be "shifting down a gear," according to global aviation group IATA, which signaled a cautious outlook for passenger traffic after growth in April rose just 4.6% on year - the lowest pace since January 2015.
- While some of the slowdown could be attributed to the Brussels terror attacks, there are still signs that underlying traffic growth could be decelerating, Director General Tony Tyler said. "The stimulus from lower oil prices appears to be tapering off. And the global economic situation is subdued."
- Airline stocks: AAL, UAL, DAL, RYAAY, OTCPK:CPCAY, OTCPK:SINGY, CEA, ZNH, CPA, GOL, LFL, OTCQX:DLAKF, OTCPK:QUBSF, ALK, HA, OTCPK:AIRYY, OTCPK:MLYAF, OTCPK:AFLYY, VLRS, LUV, OTC:RYAOF, VA, LFL, SAVE, ALGT, CEA, OTC:EJTTF, OTCQX:ESYJY, AVH, OTC:AFRAF, OTCPK:ICAGY.
Thu, May 12, 12:29 AM
Wed, May 11, 2:12 PM
- The airline industry is focused on Phoenix today where the Phoenix Sky Harbor International Aviation Symposium is underway with an all-star roster of executives speaking.
- Aer Lingus (OTC:AIRXY) said it's using Dublin as a gateway to connect the U.S. and Europe.
- Ryanair's (NASDAQ:RYAAY) aggressive pricing is identified as a major factor in Europe that's unlikely to reverse anytime soon.
- A major theme has been industry consolidation with several execs pointing to more M&A opportunities in Europe and Asia. Foreign ownership of U.S. airlines is seen as opening up in the future, with today's joint ventures called a "precursor" to that evolution.
- Airline buzz H/T The Cranky Flier and the Associated Press.
- Related tickers: RYAAY, OTCPK:CPCAY, OTCPK:SINGY, CEA, ZNH, CPA, GOL, LFL, OTCQX:DLAKF, OTCPK:QUBSF, OTCPK:AIRYY, OTCPK:MLYAF, OTCPK:AFLYY, VLRS, AVH, OTCPK:JAPSY, OTC:AFRAF, OTC:EJTTF, OTC:WJAFF, OTC:WJAVF, OTCQX:ESYJY, OTCPK:ICAGY, VLRS, OTCPK:GRPAF, DAL, UAL, AAL, LUV, ALK.
Wed, May 4, 12:50 PM
Tue, Mar. 29, 11:31 PM
- GOL Linhas (NYSE:GOL): Q4 net loss of R$1.13B
- Revenue of R$2.65B (-2.9% Y/Y).
Thu, Mar. 17, 10:19 AM
- A release of taped phone calls between President Rousseff and former President Lula more or less confirms what we already knew - that Lula was given a spot in her government to help shield him from prosecution.
- People took to the streets overnight in protest, and opposition parties renewed their calls for Rousseff's resignation.
- Maybe more important to the country - the commodity sector is lit up bright green one day after the Fed pulled back its expectations for rate hikes this year from four to two.
- The Bovespa is higher by 4%, EWZ +5.9%
- Banco Bradesco (BBD +9.8%), Santander Brasil (BSBR +6.2%), Itau Unibanco (ITUB +9.5%), Gol Linhas (GOL +9.6%)
- ETFs: EWZ, BRF, BRZU, EWZS, BRAQ, BZQ, BRAZ, BRAF, UBR, DBBR, FBZ
- Previously: Brazil slides further on Lula, rumor of central bank chief exit (March 16)