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News Breaks
December 26, 2012
09:23 EDTGOLGol Linhas rises after step toward potential 'Smiles' IPO
U.S. listed shares of GOL Linhas (GOL), a low-cost and low-fare airline in Latin America, are up over 8% in pre-market trading after the company announced late Friday that the company has segregated the activities of its "Smiles" loyalty program. The company has previously announced to the market that it is analyzing the possibility of holding an initial public offering of Smiles S.A., although there is no estimate or prediction as to when these analyses will be concluded, according to the company's press release. The company added that it "would like to emphasize that that no decision has been taken regarding this matter and that it may or may not conduct the IPO or an alternative operation in regard to Smiles S.A." Also late Friday, GOL reported operational data for the month of November. The company said its domestic supply in November fell by 16.9% year over year, which was in line with GOL's strategy to adjust supply to the national industry's new cost levels. The company also said its domestic load factor increased by 5 percentage points over November 2011, to 69.1% from 64.1%, primarily due to the decline in supply.
News For GOL From The Last 14 Days
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December 18, 2014
09:21 EDTGOLOn The Fly: Pre-market Movers
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06:50 EDTGOLGOL Linhas upgraded to Buy from Neutral at BofA/Merrill
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December 17, 2014
08:17 EDTGOLGOL Linhas reports November domestic load factor reached 79.9%
GOL Linhas reported its domestic load factor reached 79.9% in November, 3.7p.p. more than in the same month last year, while the year-to-date figure stood at 77.5%. Domestic demand increased by 6% in the month and 7.8% year-to-date. Domestic supply climbed by 1.2% in the month. Capacity in the domestic market declined by 2.3% year to date, in line with the company's 2014 guidance of a reduction between -3% and -1%. In November, the number of paid passengers transported in the domestic market totaled 3.2M, 5.1% up on the same month last year. International demand grew by 25.7% in November, leading to a 1.6p.p. increase in the month's load factor to 69.2%.
December 11, 2014
10:13 EDTGOLOn The Fly: Analyst Upgrade Summary
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06:42 EDTGOLGOL Linhas upgraded to Overweight from Neutral at JPMorgan
JPMorgan upgraded GOL Linhas to Overweight saying lower fuel prices should increase margins in 2015. The firm finds shares attractively valued and expects consensus estimates to move higher. The Brazil-based airliner closed yesterday down 5c to $5.47.

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