GOL Discloses Preliminary Traffic Figures For October; Total Supply Decreased 1.2%, Due To A 2.5% Reduction In Average Stage. Total Seats Increased 4.2% And The Number Of Departures Is Up 3.1%. Gol's Total Demand Increased 2.6%.
Portfolio Pulse from Benzinga Newsdesk
GOL Linhas Aéreas Inteligentes S.A. has released its preliminary traffic figures for October. The company's total supply decreased by 1.2% due to a 2.5% reduction in average stage. However, total seats increased by 4.2% and the number of departures rose by 3.1%. GOL's total demand increased by 2.6%. The company's domestic supply and demand increased by 1.0% and 4.7% respectively, with a load factor of 84.6%. The international supply was 311 million and demand was 259 million. Cargo volume increased by 52.8%, reaching 11.2 thousand tons in October.
November 10, 2023 | 1:16 pm
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NEUTRAL IMPACT
GOL's mixed October traffic figures show a decrease in total supply but an increase in total demand, as well as a significant increase in cargo volume. This could indicate a potential for growth despite the reduction in supply.
The decrease in GOL's total supply could potentially impact the company's short-term revenue. However, the increase in total demand and significant rise in cargo volume could offset this impact and indicate a potential for growth. The overall impact on GOL's stock price is uncertain, hence the neutral score.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100