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Stock Market & Financial Investment News

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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June 22, 2015
19:11 EDTGOLGOL Linhas reports May domestic load factor 77%
GOL Linhas Aereas Inteligentes S.A. announces its preliminary air traffic figures for May. The domestic load factor in May was 77.0%, up 1.6 p.p. year-over-year. For the first five months of 2015 and in the last 12 months, or LTM, the rate was 78.7%, an increase of 2.2 p.p. and 4.3 p.p, respectively. Domestic demand in May increased by 4.3% year-over-year. From January to May 2015 and in the LTM, domestic demand rose 4.7%, and 5.4%, respectively, compared to the same periods in 2014. Domestic capacity rose 2.2% in May and 1.8% in 2015. In the LTM, supply dropped 0.4% compared to the same period of 2014. GOL reaffirms its zero growth guidance for 2015. International demand in May grew 3.4%, leading to a load factor of 67.3% representing a decline of 0.7 p.p. versus May 2014. For the year, demand increased 14.1% and in the LTM, the expansion was 21.8% compared to the same periods in 2014. The number of passengers transported totaled 3.1M in May, 16.5M in the year to date and 40.1M in the LTM. The fares charged in May remained at stable levels over April.
07:38 EDTGOLGogo wins Latin-American contract, price target raised to $26 at UBS
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