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LONDON, UK / ACCESSWIRE / February 13, 2018 / Active-Investors.com has just released a free research report on GOL Linhas Aereas Inteligentes S.A. (NYSE: GOL) ("GOL"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=GOL as the Company's latest news hit the wire. On February 08, 2018, GOL, Brazil's leading airline, reported its preliminary air traffic figures for the month of January 2018. The Company showed an impressive performance in the first month of 2018. Register today and get access to over 1000 Free Research Reports by joining our site below:
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Active-Investors.com is currently working on the research report for Ryanair Holdings PLC (NASDAQ: RYAAY), which also belongs to the Services sector as the Company GOL Linhas Aereas Inteligentes. Do not miss out and become a member today for free to access this upcoming report at:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, GOL Linhas Aereas Inteligentes most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
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Overall Traffic Report for GOL
GOL is Brazil's largest airline, carrying over 33 million passengers annually on more than 700 daily flights to 64 destinations - 53 in Brazil and 11 in South America and the Caribbean.
The total volume of GOL departures for the month of January 2018 was 24,713, a rise of 3.8% from 23,815 departures in January 2017. The number of seats also increased 3.6% to 4.14 million y-o-y. Average seat kilometers (ASK), which measures consolidated capacity (or supply) increased 4.9% to 4.89 billion y-o-y, while revenue passenger kilometers (RPK), which measures consolidated traffic (or demand), increased 5.2% to 4.08 billion y-o-y. The carrier also witnessed a 2.4% increase in passenger count in the same period. The load factor - which measures capacity utilization of airlines - also improved 0.3% to 83.5% in January 2018.
However, there was a decline of 1.7% in on-time departures, which was 91.2% for January 2018 compared to 92.9% for January 2017. Besides, the flight completion rate also reduced to 99% for the reported month, a dip of 0.2% from the same period last year.
GOL's improved performance can be attributed to the increasing demand for air travel, owing to Brazil's growing economy. At present, GOL Linhas competes with Copa Holdings CPA, Latam Airlines Group S.A. LTM, and Azul S.A. AZUL in the Latin American aviation space.
Statistics for Domestic Airlines
In-line with previous periods, domestic departures constituted a majority of the total GOL's departures, i.e. 93.41% in January 2018. The number of domestic departures for the reported month advanced 2.8% y-o-y to 23,084. In the domestic sector, the number of seats for the reported month was 3.85 million and passenger count was 3.11 million.
In January 2018, GOL increased its domestic supply (or ASK) by 2.3% y-o-y to 4.27 billion, while its demand (or RPK) grew 2.7% y-o-y to 3.56 billion. Moreover, the load factor in the domestic sector reached 84% in January 2018, an improvement of 0.4% in comparison to the same month of the previous year.
Statistics for International Airlines
In the international sector, GOL had 1,629 departures in January 2018, up 20.6% y-o-y. The number of seats in the international sector advanced 19.9% to 287, 000 while the passenger count increased 20.1% to 229,000 in the reported month.
In January 2018, GOL increased its international supply (or ASK) by 27.5% to 621 million, while its demand (or RPK) grew 27.9% to 496 million. Besides, the load factor increased to 80.0% in January 2018, up 0.3% from the same month of the previous year.
Stock Performance Snapshot
February 12, 2018 - At Monday's closing bell, GOL Linhas Aereas Inteligentes' stock advanced 3.43%, ending the trading session at $10.55.
Volume traded for the day: 173.11 thousand shares.
Stock performance in the last month - up 14.92%; previous three-month period - up 24.41%; past twelve-month period - up 136.87%; and year-to-date - up 20.43%
After yesterday's close, GOL Linhas Aereas Inteligentes' market cap was at $1.44 billion.
The stock is part of the Services sector, categorized under the Regional Airlines industry. This sector was up 1.3% at the end of the session.
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