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Gol Airlines: Well-Positioned For Reopening Following Latest Codeshare Agreement


  • Gol Airlines will expand its commercial cooperation with American Airlines Group through an exclusive codeshare agreement for the next three years.
  • Alongside the clear strategic benefits from the agreement, the $200 million investment by American also comes at a steep premium, validating the equity value.
  • Gol remains a compelling post-COVID-19 reopening play heading into a potential volume rebound towards year-end.

Sao Paulo- Sao Paulo- Brazil - 09-13-2018: flying in Gol company airline

Melina Massola/iStock Editorial via Getty Images

Investors are likely to view the recent codeshare announcement as a major positive for Gol Airlines (NYSE:GOL) - it represents a significant vote of confidence by American Airlines (AAL) in

This article was written by

Analyst with a keen interest in the global markets, always sifting through company filings in search of compelling opportunities. Approach is heavily centered on the notion that one needs to be non-consensus right in making investment decisions. A keen follower of value investing legends such as Peter Cundill, Seth Klarman, and more recently, Rupal Bhansali.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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