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Stock Market & Financial Investment News

News Breaks
June 23, 2014
10:28 EDTGOL, AFLYYGol Linhas says Air France-KLM buys 4.2M preferred shares of company
GOL Linhas Aereas Inteligentes S.A. (GOL) hereby informs to its shareholders and to the public that Air France – KLM S.A. (AFLYY)), through one of its affiliates, invested on June 20, R$116.4M in the company, to subscribe and pay for 4,246,620 preferred shares of the company in the context of the capital increase approved by the Board of Directors Meeting of May 28, and informed in the Notice to the Shareholders of May 29. In addition to that, Air France KLM contributed the amount of $33M to VRG Linhas Aereas S.A., a subsidiary of the company, on June 20, as part of the total contribution of $48M related to the commercial cooperation between the company and Air France KLM.
News For GOL;AFLYY From The Last 14 Days
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October 24, 2014
07:35 EDTGOLGol Linhas volatility elevated into Brazil elections
Gol Linhas overall option implied volatility of 65 is above its 26-week average 52 according to Track Data, suggesting large price movement.
07:31 EDTGOLGol Linhas volatility elevated into Brazil elections
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October 23, 2014
07:24 EDTGOLGOL Linhas reports Q3 domestic load factor 78.3%
GOL Linhas reported Q3 domestic load factor totaled 78.3%. The load factor growth more than offset the slight reduction in yield over 3Q13, led to year-over-year PRASK growth of 9.1% in the quarter. Fares in the quarter accompanied Brazil's challenging economic activity scenario. Domestic supply had 4.2% cut in 3Q14, in line with the company's 2014 guidance of an annual reduction between -3% and -1%. Domestic demand increased by 6.8% in the quarter. GOL captured 55% of the industry's demand growth in 2014. International market demand climbed by 30.3% in Q3.
October 21, 2014
06:08 EDTAFLYYAir France, Delta, Alitalia look to resolve EC investigation
The European Commission has invited interested third parties to comment on commitments proposed by Air France (AFLYY), Alitalia and Delta (DAL) to address concerns that their transatlantic cooperation may harm competition for premium passengers on the Paris-New York route and for all passengers on the Amsterdam-New York and Rome-New York routes, in breach of EU antitrust rules. The three airlines have offered to make landing and take-off slots available at both ends of the Amsterdam-New York and Rome-New York routes to facilitate the market entry of competitors. They are also prepared to enter into agreements which would enable competitors to offer tickets on their flights and facilitate access to connecting traffic, as well as to provide access to their frequent flyer programs on all three routes. If the market test confirms that the proposed commitments remedy the competition concerns, the Commission may make them legally binding on the companies. At this stage, the Commission has concerns that the extensive cooperation between Air France/KLM, Alitalia and Delta in the framework of the Skyteam alliance, involving profit-sharing and the joint management of schedules, pricing and capacity, may result in higher prices on the following routes: Paris-New York, Amsterdam-New York and Rome-New York. The parties have jointly offered a set of commitments, to alleviate the Commission's concerns. The commitments are primarily aimed at enabling competing airlines to start operating or extend existing operations on the affected routes by lowering barriers to entry or expansion. The airlines offered to make available landing and take-off slots at Amsterdam, Rome and/or New York John F. Kennedy/Newark Liberty airports on the Amsterdam-New York and Rome-New York routes. The companies committed to enter into fare combinability and special prorate agreements with competitors who start operating new non-stop services or increase their non-stop services on the three routes. For Paris-New York, this also applies to existing non-stop competitors on the route.
October 16, 2014
12:38 EDTAFLYYAir France strikes deal with representative pilot unions
Air France and the representative pilot unions have reached a draft agreement concerning the development of Transavia France. The development of Transavia France beyond 14 Boeing 737 will be assured as from summer 2015 in order to accelerate the group’s development on the rapidly-expanding leisure market, and Air France pilots flying for Transavia will retain some special benefits. Reference Link
October 13, 2014
06:50 EDTAFLYYReport: Air France-KLM to push ahead with low-cost brand in France, Reuters says
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