GOL Reports: Loss Q4, AAL In Focus Airline Stock Roundup
Lately, in the fourth quarter of 2020, the Latin American airline Gol Linhas AereasInteligentes GOL has announced losses because its passenger sales have dropped by 52 percent year-on-year as a result of pandemic travel market decline. The organisation expects sales to fall 10 per cent sequentially over the end of MARC, as Brazil threatens to dampen the market for air traffic with a second round of coronavirus infections.
However, in the United States, demand for air travel (especially leisure) is growing as illnesses fall and vaccinations increase. American Airlines AAL stock has entered into a 5-year agreement with Fareportal, a travel technology firm as a proof of the improving market scenario.
In addition, Alaska Air Group AAL stock subsidiary – Alaska Airlines and Hawaiian Holdings’ HA, Hawais Airlines – have provided expansion-related announcements in the past week to demonstrate increased flight demand in the United States.
Notable was the unfurled bullish forecasts for the first quarter by the US heavy-weighing companies including United Airlines UAL and Southwest Airlines LUV, as stated earlier this week.
Most important stories from the past week
A loss of 90 cents per share for the fourth quarter of 2020 (exclusion of 92 cents from non-recurring items) was sustained by the Gol Lin, which is higher than the Consensus Forecast. The firm, however, posted 43 cents of profits per share in the year-ago era. The Consensus Forecast has missed net operating sales of 350 million dollars of 397 million dollars. In comparison, the top line dropped 62,1 percent annually. Gol Linhas expects the potential for the first quarter of 2021 to reach 55% of the first quarter of 2019 volumes.
Alaska Airlines has announced that it will begin a new non-stop seasonal service between Anchorage and Minneapolis-St. Paul in June to accommodate the expected rise in air travel demand in the summer. The additional service reveals that Alaska Airlines currently offers more non-stop airlines from Alaska AAL stock than any other carrier. The Anchorage flight to Minneapolis will start only on Saturdays and Sundays from 19 June.
Hawaiian Airlines has opened a non-stop flight to Honolulu, Ontario, CA as part of the passenger demand for transportation to Hawaii. Due to the projected growth in demand during the summer season, the service, currently operating five days a week, will be available daily starting on 24 May. In addition, Hawaiian Airlines has agreed to use flights on the Phoenix-Maui route to meet the expected increase in travel demand during the summer. Before stock trading, you can find other stocks like TSLA stock for investing.