GOL - GOL Linhas Aéreas Inteligentes S.A.

NYSE - NYSE Delayed price. Currency in USD
4.9100
-0.2900 (-5.58%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous close5.2000
Open4.6900
Bid4.9600 x 900
Ask4.9500 x 1100
Day's range4.4584 - 5.5600
52-week range1.8500 - 23.3000
Volume2,800,016
Avg. volume1,723,979
Market cap851.286M
Beta (5Y monthly)1.75
PE ratio (TTM)N/A
EPS (TTM)-2.3940
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend date04 May 2011
1y target est18.29
  • Gol Linhas to Cancel International Flights on Coronavirus Woes
    Zacks

    Gol Linhas to Cancel International Flights on Coronavirus Woes

    Apart from international flight cancellations, Gol Linhas (GOL) plans to reduce domestic capacity by 92%.

  • Among Worst-Hit Airlines, Investors Bet Who Will Fall First
    Bloomberg

    Among Worst-Hit Airlines, Investors Bet Who Will Fall First

    (Bloomberg) -- Even in an industry devastated by the coronavirus crisis, Latin American airlines stand out.Five of the biggest carriers in the region -- Latam Airlines Group SA, Gol Linhas Aereas Inteligentes SA, Azul SA, Avianca and Volaris -- have seen about $12 billion in their market value wiped out since the end of January through Wednesday’s close. On average, their stock tumbled 78% in local currency terms, more than all 23 members in the Bloomberg World Airlines Index. The global gauge is down 46% in the period.Latin American companies, operating far from China and with almost no direct flights to Asia, weren’t expected to see the same massive hits as other parts of the world when the coronavirus chaos began earlier this year. The region’s major carriers are now buckling along with their U.S. and European counterparts, underscoring just how quickly the crisis has upended the industry.“Investors had some expectation that the region was going to be spared,” said Reno Bianchi, an independent airline analyst in New York. “Unfortunately, that’s not going to happen. No one wants to fly any place.”While the industry reels, not all airlines are created equal, and investors are laying down their bets on which companies stand a better chance at survival and which may be first to fall. Panama’s Copa Holdings SA and Sao Paulo-based Azul look relatively in better positions. Investors appear most nervous about Colombia’s Avianca, whose bond yields have topped 60%, and Mexico’s Interjet, which stoked anxiety among its lessors after it grounded some of its Airbus SE planes. Gol’s 2025 dollar bond traded at 37 cents on the dollar on Thursday, down from 95 cents at the start of the month.“We are doing everything we can to preserve cash, because difficult days are still ahead,” Azul Chief Executive Officer John Rodgerson said in an interview. “The government is going to have to step in to help with credit lines so the industry can get through the next 90 days. We have a lot of fixed costs that we have to keep up in order to restart services in 90 days.”Moody’s Investors Service on Tuesday downgraded the credit rating on Santiago-based Latam and Azul by one step to B1 from Ba3, designating both as high credit risks. Grupo Aeromexico SAB was also lowered further into junk territory, while Gol’s rating was placed under review for a possible cut.‘Most Risky’“We do not rule out the possibility of financial distress if the COVID-19 situation continues to escalate,” JPMorgan analysts Fernando Abdalla and Guilherme Mendes wrote in a report. “Avianca would be the most risky company in that sense, considering its elevated leverage.”The Bogota-based carrier, which just months ago restructured borrowings and launched a business turnaround strategy, said it will cut capacity by as much as 40% amid collapsing demand. That hasn’t reassured investors, who cite the company’s high debt ratios and dependence on international travel, which accounts for about 75% of passenger revenue.Colombian President Ivan Duque on Thursday banned passenger flights from abroad for at least 30 days starting Monday. Avianca’s junk-rated bonds due in 2023 have fallen to 30 cents on the dollar, pushing yields deep into distressed territory, according to data compiled by Bloomberg.Aeromexico’s bonds due in 2025 have also suffered, tumbling to around 36 cents and driving the yield to around 35%. The company, which counts Delta Air Lines Inc. as its largest shareholder, faces about $370 million in upcoming payments and listed $480 million in cash on hand at the end of last year. It raised $400 million in international debt markets in January and management has reduced international flights by 40% and frozen some investments.The carrier is “weakly positioned for a sharp decline in passenger demand” as it’s less profitable than some peers and faces competition from U.S. carriers, Moody’s wrote in a note.Panama’s flagship airline, Copa, may be in the best position to ride out the storm -- relatively speaking. The company carries less debt than other major players and has the collateral to put up if it needs to borrow. Copa said it “maintains a strong financial position, with low leverage and high liquidity.” Still, it decided to reduce capacity by 80% in April and hasn’t ruled out a temporary shutdown of all operations. Its stock has fallen nearly 70% this year.“We estimate Copa is the only airline capable of reaching end-2020 with remaining cash in a skies-closed scenario, without having to raise additional debt,” UBS analysts led by Rogerio Araujo wrote in a report.Brazil’s major airlines are less exposed to international travel than peers, with Gol receiving around 13% of passenger revenue from international trips and Azul getting about a quarter, according to Gimme Credit analyst Cedric Rimaud. Still, the reliance on domestic travel exposes the airlines, whose major costs are in dollars, to currency fluctuations. The Brazilian real and Mexican peso have tumbled more than 21% this year, the most in emerging markets after the Russian ruble, according to data compiled by Bloomberg.Both Azul and Gol have “adequate” liquidity to cover short-term debt, according to Moody’s. Still, bonds tied to the companies hit record lows this week and their share prices have collapsed. Azul’s 2024 dollar bond tumbled to 40 cents on the dollar Thursday from above 99 cents just two weeks ago.The region’s largest carrier, Latam, cut 90% of international flights and reduced domestic capacity by 40%. The carrier entered the downturn with plenty of cash, about $1.5 billion, to cover roughly $1 billion in short-term maturities, according to Moody’s.How Long?For carriers across the region, it’s a question of how long the situation will last. Globally, the pandemic is expected to bankrupt most airlines by the end of May unless governments and the industry take coordinated steps to avoid such a situation, aviation consultant CAPA Centre for Aviation warned this week.So far, Latin American officials, already dealing with the effects of a tanking global economy, have shown little appetite to bail out airlines.“It’s hard to predict for how long the lock-down will last and when coronavirus cases will peak in Brazil and Latin America. Expenses with personnel and leasing continue, but airlines have been cutting capacity,” said Marcelo Cavalheiro, a founding partner at Safari Capital, based in Sao Paulo. “They’re doing everything they can, but the situation is very complicated.”(Adds Azul CEO comment in sixth paragraph, Colombia travel ban in 10th paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Why Brazilian airline shares are hardest hit by the coronavirus panic
    Reuters

    Why Brazilian airline shares are hardest hit by the coronavirus panic

    The airline stocks that suffered the most after U.S. President Donald Trump barred continental Europeans from travelling to the United States do not even operate flights between those two regions. Brazil's largest airline, Gol Linhas Aereas Inteligentes, and its smaller rival, Azul SA , saw their shares tumble over 30% on Thursday, a record for each. It may seem surprising at first glance, because both are focused on domestic flights within Brazil and only Azul operates direct routes to the United States or Europe.

  • Gol Linhas Traffic Rises, Load Factor Falls in February
    Zacks

    Gol Linhas Traffic Rises, Load Factor Falls in February

    Strong domestic demand and supply boost Gol Linhas' (GOL) February traffic report. However, consolidated load factor falls.

  • Airline Stock Roundup: Gol's Q4 Earnings Miss, Coronavirus Fears & More
    Zacks

    Airline Stock Roundup: Gol's Q4 Earnings Miss, Coronavirus Fears & More

    The coronavirus scare compels United Airlines (UAL) to withdraw its 2020 guidance and Delta Air Lines (DAL) to reduce its flight services to South Korea.

  • Gol Linhas (GOL) Q4 Earnings Lag Estimates, Improve Y/Y
    Zacks

    Gol Linhas (GOL) Q4 Earnings Lag Estimates, Improve Y/Y

    Strong passenger revenues aid Gol Linhas' (GOL) fourth-quarter results.

  • Will Passenger Revenues Boost Gol Linhas' (GOL) Q4 Earnings?
    Zacks

    Will Passenger Revenues Boost Gol Linhas' (GOL) Q4 Earnings?

    Rising passenger revenues and low unit costs are expected to have benefited Gol Linhas' (GOL) Q4 performance.

  • Expeditors (EXPD) Q4 Earnings Top Estimates, Revenues Lag
    Zacks

    Expeditors (EXPD) Q4 Earnings Top Estimates, Revenues Lag

    Expeditors' (EXPD) Q4 results are hurt by slowdown in trade to and from China.

  • Air Lease's (AL) Earnings Beat Estimates in Q4, Down Y/Y
    Zacks

    Air Lease's (AL) Earnings Beat Estimates in Q4, Down Y/Y

    Higher revenues from rental of flight equipment drive Air Lease's (AL) fourth-quarter 2019 results. However,increase in operating costs is a concern.

  • Airline Stock Roundup: New U.S. Airline on the Anvil, AZUL's Traffic & More
    Zacks

    Airline Stock Roundup: New U.S. Airline on the Anvil, AZUL's Traffic & More

    Latin American carriers Gol Linhas (GOL) and Azul (AZUL) report increase in load factor for January owing to higher traffic growth.

  • 4 Transportation Stocks Likely to Beat Q4 Earnings Estimates
    Zacks

    4 Transportation Stocks Likely to Beat Q4 Earnings Estimates

    High passenger revenues are likely to have aided the fourth-quarter 2019 performance of most transportation companies.

  • Gol Linhas' (GOL) January Traffic & Load Factor Increase
    Zacks

    Gol Linhas' (GOL) January Traffic & Load Factor Increase

    Strong performance on the domestic front boosts Gol Linhas' (GOL) January traffic report.

  • GOL, American Airlines' Codeshare Pact to Boost Connectivity
    Zacks

    GOL, American Airlines' Codeshare Pact to Boost Connectivity

    The code-sharing deal will enable American Airlines (AAL) strengthen its Latin American footprint.

  • Top Ranked Value Stocks to Buy for January 31st
    Zacks

    Top Ranked Value Stocks to Buy for January 31st

    Top Ranked Value Stocks to Buy for January 31st

  • American Airlines (AAL) Q4 Earnings In Line, Increase Y/Y
    Zacks

    American Airlines (AAL) Q4 Earnings In Line, Increase Y/Y

    Low fuel costs boost American Airlines' (AAL) bottom line in fourth-quarter 2019. The decline in cargo revenues is, however, concerning.

  • Airline Stock Roundup: DAL & UAL's Earnings Beat, SAVE's Q4 View Bullish & More
    Zacks

    Airline Stock Roundup: DAL & UAL's Earnings Beat, SAVE's Q4 View Bullish & More

    Low fuel costs aid fourth-quarter 2019 results of Delta Air Lines (DAL) and United Airlines Holdings (UAL).

  • Spirit Airlines (SAVE) Stock Nears 6-Month High: Here's Why
    Zacks

    Spirit Airlines (SAVE) Stock Nears 6-Month High: Here's Why

    Spirit Airlines (SAVE) projects fourth-quarter 2019 unit revenues to reflect a 3.6% year-over-year decline.

  • SkyWest (SKYW) Soars to 52-Week High, Time to Cash Out?
    Zacks

    SkyWest (SKYW) Soars to 52-Week High, Time to Cash Out?

    SkyWest (SKYW) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

  • Delta Air Lines' (DAL) Q4 Earnings Top Estimates, Rise Y/Y
    Zacks

    Delta Air Lines' (DAL) Q4 Earnings Top Estimates, Rise Y/Y

    Low fuel costs boost Delta's (DAL) bottom line in fourth-quarter 2019. The decline in cargo revenues is, however, concerning.

  • Airline Stock Roundup: AAL, JBLU's Q4 Unit Revenue Views Bearish, GOL in Focus
    Zacks

    Airline Stock Roundup: AAL, JBLU's Q4 Unit Revenue Views Bearish, GOL in Focus

    The increase in December load factor, at the likes of Alaska Air Group (ALK) and JetBlue (JBLU), highlights the stellar air-travel demand.

  • Gol Linhas' (GOL) Q4 Unit Revenue & Cost Guidance Upbeat
    Zacks

    Gol Linhas' (GOL) Q4 Unit Revenue & Cost Guidance Upbeat

    Solid air travel demand is anticipated to have driven Gol Linhas' (GOL) passenger unit revenues. Additionally, low fuel prices and increased productivity are expected to have decreased unit costs.

  • Gol Linhas' December Traffic Rises, Load Factor Declines
    Zacks

    Gol Linhas' December Traffic Rises, Load Factor Declines

    GOL Linhas (GOL) reports an increase in consolidated traffic for December on the back demand domestically.

  • Should Value Investors Consider Gol Linhas (GOL) Stock Now?
    Zacks

    Should Value Investors Consider Gol Linhas (GOL) Stock Now?

    Let's see if Gol Linhas Aereas Inteligentes S.A. (GOL) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.

  • Delta Air Lines Divests 32.9 Million Shares of Gol Linhas
    Zacks

    Delta Air Lines Divests 32.9 Million Shares of Gol Linhas

    Delta Air Lines (DAL) decides to sell off its stake in Gol Linhas following the partnership with LATAM in September 2019.

By using Yahoo, you agree that we and our partners can use cookies for purposes such as customising content and advertising. See our Privacy Policy to learn more