|Bid||7.64 x 900|
|Ask||7.65 x 1400|
|Day's range||7.44 - 7.76|
|52-week range||1.85 - 23.30|
|Beta (5Y monthly)||2.28|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||05 May 2011|
|1y target est||9.01|
Azul's (AZUL) projection for August capacity highlights the gradual uptrend in air-travel demand.
Despite the recent improvement, air-travel demand remains weak year over year. Consequently, Ryanair (RYAAY) and Gol Linhas (GOL) report massive declines in their respective June traffic.
Golar Power Limited (“Golar Power”) announces today that it has signed an agreement with Galileo Technologies for the provision of LNG liquefaction solutions to support the development of its small-scale LNG distribution initiatives. The agreement between the two companies includes the introduction of a new clean fuel source through the production of Biomethane Liquefied Natural Gas (Bio-LNG). The initial order involves the provision of two LNG production clusters.
Gol Linhas Aereas Inteligents <GOLL4.SA> will tap its loyalty program to get a cash advance of 1.2 billion reais ($225.81 million), the company said on Monday, as airlines worldwide continue to struggle financially due to the pandemic. The deal will work through advanced ticket sales, trips that Gol will then have to provide to the clients of the loyalty program, Smiles Fidelidade <SMLS3.SA>. Smiles is a separate company but is controlled by the Brazilian airline.
A third Latin American airline has succumbed to bankruptcy, a sign of the toll the COVID-19 pandemic is taking on the industry. Shares of Gol Linhas Aereas Inteligentes (NYSE: GOL) are up 5.6% as of 1 p.m. EST on Wednesday, and shares of Azul (NYSE: AZUL) are 4.8% higher on the day. Airlines around the globe have struggled due to the pandemic, with Grupo Aeromexico SAB de CV (OTC: GRPA.F) on Tuesday joining Latin American rivals Latam Airlines Group and Avianca Holdings in bankruptcy.
Good news out of American Airlines (NASDAQ: AAL) this morning sparked a rally in airline stocks throughout U.S. stock markets and beyond. In afternoon trading, not only did shares of companies such as Delta and United follow American higher, but also shares of Brazilian carriers Gol Linhas Aereas Inteligentes (NYSE: GOL) and Azul (NYSE: AZUL) ended the day with even stronger gains of 11.9% and 19.1%, respectively. What did American Airlines say that got air travel industry investors excited down south of the border?
After a brief rally Latin American airlines are now back on the descent, as growing fears of a second wave of the pandemic are outweighing optimism that the worst of the initial wave is now behind us. Shares of Brazilian airline Azul (NYSE: AZUL) are down more than 20% heading into the close, with shares of domestic rival Gol Linhas Aereas Inteligentes (NYSE: GOL) off 16%. Copa Holdings (NYSE: CPA) of Panama was down 11%, as was Mexican airport operator Grupo Aeroportuario del Pacifico (NYSE: PAC).
American Airlines' (AAL) update on bolstering capacity bodes well for the airline space. Azul's (AZUL) May traffic data also highlights the improving scenario with respect to air travel.
A new estimate of the scale of financial losses facing the global airline industry reveals the heavy toll on South American airline stocks, with shares of Brazil's Azul (NYSE: AZUL) airline falling as much as 11.1% today and Sao Paulo's Gol Linhas Aereas Inteligentes (NYSE: GOL) tumbling 13.1%. Both airlines were back up off their lows as of 12:40 p.m. EDT, with Azul down only 5.5% and Gol off 3.6%. Meanwhile, their Chilean rival, LATAM Airlines (NYSE: LTM), was actually up 4.1% after swinging wildly between an 8.3% loss and a 20% profit earlier in the day.
Airline shares are taking flight throughout the Americas on improving optimism that the worst of the COVID-19 pandemic travel slump is now behind us. The U.S. airlines are all up between 5% and 15% apiece on Monday, but those gains pale in comparison to how New York-traded Latin American airlines are trading. Shares of two of Brazil's largest airlines, Azul (NYSE: AZUL) and Gol Linhas Aereas Inteligentes (NYSE: GOL), traded up 20% apiece on Monday, as did shares of bankrupt Latam Airlines Group (NYSE: LTM) of Chile.
Shares of Brazilian airline Gol Linhas Aereas Inteligentes (NYSE: GOL) gained 20% on Tuesday, as the city of Rio de Janeiro announced a partial end to its quarantine order. COVID-19 cases are still on the rise in Brazil, but Rio is beginning to reopen to tourists. Brazil has the second highest number of COVID-19 cases globally -- more than 500,000 in total -- and the country has largely been locked down in recent weeks.
Shares of Brazilian airline Gol Linhas Aereas Inteligentes (NYSE: GOL) popped more than 10% in early trading Monday morning, and remain up a healthy 8.6% as of 11:35 a.m. EDT. With nearly 515,000 reported coronavirus infections and more than 29,000 related deaths, Brazil remains a hot spot for COVID-19.
Operations and cash-flow generation remain Covid-19 resilient Iain Ross, CEO, Golar LNG, said: "Golar is pleased to report Q1 operating revenues of $122.6 million and.
First stage of ESG reporting will inform setting of targets in areas of Health, Safety, & Security; Environmental Impact; Energy Efficiency & Innovation; People &.
Golar LNG's 1st Quarter 2020 results will be released before the NASDAQ opens on Thursday May 28, 2020. Due to high Covid-19 related demand for their services, our platform providers highly recommended that participants join the conference call via the listen-only live webcast link provided. Sell-side analysts interested in raising a question during the Q&A session that will immediately follow the presentation should access the event via the conference call dial-in information below.
Ryanair's (RYAAY) revenues see year-over-year decline in the fourth quarter of fiscal 2020 due to the coronavirus-led drop in air travel demand.