6.56 +0.01 (0.15%)
After hours: 6:58PM EDT
|Bid||6.55 x 1400|
|Ask||6.83 x 1800|
|Day's range||6.55 - 6.78|
|52-week range||1.85 - 21.00|
|Beta (5Y monthly)||2.28|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||05 May 2011|
|1y target est||9.15|
Gol Linhas' (GOL) Q2 results reflect significant weakness in air travel demand due to coronavirus concerns.
INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Gol Linhas Aereas Inteligentes S.A.
Glancy Prongay & Murray LLP Announces Investigation of Gol Linhas Aereas Inteligentes S.A. (GOL) on Behalf of Investors
The Law Offices of Frank R. Cruz announces an investigation on behalf of Gol Linhas Aereas Inteligentes S.A. ("Gol" or the "Company") (NYSE: GOL) investors concerning the Company and its officers’ possible violations of federal securities laws.
Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Gol Linhas Aereas Inteligentes S.A. (NYSE: GOL) resulting from allegations that Gol Linhas may have issued materially misleading business information to the investing public.
INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Gol Linhas Aereas Inteligentes S.A. (GOL) on Behalf of Investors
With steady improvement in demand, Gol Linhas (GOL) increases July services to 250 flights per day from 120 flights in June. Thanks to rise in cargo revenues, the airline's Q2 RASK view is bullish.
Despite the recent improvement, air-travel demand remains weak year over year. Consequently, Ryanair (RYAAY) and Gol Linhas (GOL) report massive declines in their respective June traffic.
Golar Power Limited (“Golar Power”) announces today that it has signed an agreement with Galileo Technologies for the provision of LNG liquefaction solutions to support the development of its small-scale LNG distribution initiatives. The agreement between the two companies includes the introduction of a new clean fuel source through the production of Biomethane Liquefied Natural Gas (Bio-LNG). The initial order involves the provision of two LNG production clusters.
A third Latin American airline has succumbed to bankruptcy, a sign of the toll the COVID-19 pandemic is taking on the industry. Shares of Gol Linhas Aereas Inteligentes (NYSE: GOL) are up 5.6% as of 1 p.m. EST on Wednesday, and shares of Azul (NYSE: AZUL) are 4.8% higher on the day. Airlines around the globe have struggled due to the pandemic, with Grupo Aeromexico SAB de CV (OTC: GRPA.F) on Tuesday joining Latin American rivals Latam Airlines Group and Avianca Holdings in bankruptcy.
Good news out of American Airlines (NASDAQ: AAL) this morning sparked a rally in airline stocks throughout U.S. stock markets and beyond. In afternoon trading, not only did shares of companies such as Delta and United follow American higher, but also shares of Brazilian carriers Gol Linhas Aereas Inteligentes (NYSE: GOL) and Azul (NYSE: AZUL) ended the day with even stronger gains of 11.9% and 19.1%, respectively. What did American Airlines say that got air travel industry investors excited down south of the border?
After a brief rally Latin American airlines are now back on the descent, as growing fears of a second wave of the pandemic are outweighing optimism that the worst of the initial wave is now behind us. Shares of Brazilian airline Azul (NYSE: AZUL) are down more than 20% heading into the close, with shares of domestic rival Gol Linhas Aereas Inteligentes (NYSE: GOL) off 16%. Copa Holdings (NYSE: CPA) of Panama was down 11%, as was Mexican airport operator Grupo Aeroportuario del Pacifico (NYSE: PAC).
American Airlines' (AAL) update on bolstering capacity bodes well for the airline space. Azul's (AZUL) May traffic data also highlights the improving scenario with respect to air travel.
A new estimate of the scale of financial losses facing the global airline industry reveals the heavy toll on South American airline stocks, with shares of Brazil's Azul (NYSE: AZUL) airline falling as much as 11.1% today and Sao Paulo's Gol Linhas Aereas Inteligentes (NYSE: GOL) tumbling 13.1%. Both airlines were back up off their lows as of 12:40 p.m. EDT, with Azul down only 5.5% and Gol off 3.6%. Meanwhile, their Chilean rival, LATAM Airlines (NYSE: LTM), was actually up 4.1% after swinging wildly between an 8.3% loss and a 20% profit earlier in the day.
Airline shares are taking flight throughout the Americas on improving optimism that the worst of the COVID-19 pandemic travel slump is now behind us. The U.S. airlines are all up between 5% and 15% apiece on Monday, but those gains pale in comparison to how New York-traded Latin American airlines are trading. Shares of two of Brazil's largest airlines, Azul (NYSE: AZUL) and Gol Linhas Aereas Inteligentes (NYSE: GOL), traded up 20% apiece on Monday, as did shares of bankrupt Latam Airlines Group (NYSE: LTM) of Chile.
Shares of Brazilian airline Gol Linhas Aereas Inteligentes (NYSE: GOL) gained 20% on Tuesday, as the city of Rio de Janeiro announced a partial end to its quarantine order. COVID-19 cases are still on the rise in Brazil, but Rio is beginning to reopen to tourists. Brazil has the second highest number of COVID-19 cases globally -- more than 500,000 in total -- and the country has largely been locked down in recent weeks.