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GOL on a Caribbean Adventure

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GOL on a Caribbean Adventure

Unread post by bimjim » Wed Jun 02, 2010

http://www.zacks.com/stock/news/34998/G ... +Adventure

GOL on a Caribbean Adventure
By: Zacks Equity Research
June 02, 2010

Low-fare airline operator, GOL Linhas Aereas Inteligentes S.A. (GOL - Analyst Report) plans to initiate a new flight between Brasilia and Barbados in the Caribbean on a regular basis from June 26.

This would be the only direct flight between Barbados and Brazil. During the first quarter, GOL introduced new routes from Brazil to the Caribbean with flights to Aruba and Curacao.

Based on adjustments in the company’s international network, it recorded an increase in international demand in the first quarter, which will continue in the coming months.

During the first quarter, GOL reported an increase in international passenger traffic by 36.9% in January, 40.3% in February, and 23.6% in March. Repositioning of sales channels, including the opening and renovation of airport stores were another reason for increased demand.

GOL remains better positioned to capitalize on the increase of discounted air travel in Brazil and the rest of Latin America, given its strong market share and efficient operations. We expect the company to experience growth in the short-to-medium term given its continued investment in fleet renovation and international agreements.

In the first quarter, GOL took delivery of five Boeing 737-800NG SFPs to replace five Boeing 737-300s and three Boeing 737-800s, which were retired during the period. The company closed the quarter with 108 operational aircraft, with an average age of 5.8 years.

Other Latin American and Chinese airline stocks have performed well in 2009. We believe that 2010 may be another profitable year for the airlines industry in the emerging markets, provided the overall economy continues to grow. Besides, the economic growth in emerging markets will be higher than in the developed markets.

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Re: GOL on a Caribbean Adventure

Unread post by islandflyer » Wed Jun 02, 2010

Looking forward to seeing the GOL aircraft on the ground at BGI (but I think it's a night flight, tho?) - I hope the airport welcoming party doesn't pull a "Grenada" on the arriving crew!

Brazillian girls!!! Yay!

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