See More Zacks Research for These Tickers
Pick one free report - opportunity may be withdrawn at any time
J.B. Hunt Transport Services, Inc. (JBHT) - free report >>
Knight-Swift Transportation Holdings Inc. (KNX) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
J.B. Hunt Transport Services, Inc. (JBHT) - free report >>
Knight-Swift Transportation Holdings Inc. (KNX) - free report >>
Image: Bigstock
Gol Linhas (GOL) Rides on Low Fuel Costs Amid Coronavirus
We recently issued an updated report on Gol Linhas Aéreas Inteligentes S.A. .
With easing travel restrictions, Gol Linhas is seeing modest uptick in passenger demand particularly on the domestic front. Notably, the company saw a 20% improvement in demand in August compared with July levels. The carrier’s gross sales surged 27% to R$523 million in August from July. Additionally, gross revenues jumped 15% in August from July. Anticipating the uptrend in travel demand to continue, the carrier expects capacity to be at 80% of the 2019 level (domestic).
Moreover, low fuel prices are aiding Gol Linhas amid adversities. Average fuel price per liter decreased 3.5% year over year in the first six months of 2020. Additionally, the airline’s stringent cost-cutting measures support the bottom line.
Despite the recent improvement, demand is significantly lagging the year-ago levels as the pandemic continues. Evidently, the carrier’s passenger revenues declined approximately 47% year over year in the first half of 2020 due to slump in air travel demand following the coronavirus pandemic.
Zacks Rank & Stocks to Consider
Gol Linhas currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Zacks Transportation sector are Knight-Swift Transportation Holdings (KNX - Free Report) , J.B. Hunt Transport Services, Inc. (JBHT - Free Report) and Werner Enterprises (WERN - Free Report) . All the stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Long-term expected earnings per share (three to five years) growth rate for Knight-Swift, J.B. Hunt and Werner is pegged at 15%, 15% and 8.5%, respectively.
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.3% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>