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Brazilian low-fare carrier Gol Linhas Aéreas Inteligentes (GOL, quote) reported earnings last week. Although GOL produced a loss for the quarter, the stock rallied. This begs the question: how should investors treat the most recent developments?
Brazil’s Embraer (ERJ, quote) is a star of the emerging world, competing head to head with U.S. and European giants for bigger and bigger contracts around the globe. However, the stock has had a bit of a tough time lately.
Indonesia’s national airline Garuda is reporting a 23% increase in revenue during the first quarter to $717 million, up from $583 million during the same period last year.
Brazilian airline Gol Linhas Aéreas Inteligentes (GOL, quote) is trading sharply lower today on news that supply decreased for the month of March. In spite of the negative reaction to this data, today’s price action may actually present a compelling buying opportunity for long-term investors.
LAN Airlines S.A. (LFL, quote) reported a 14.7% year-over-year passenger increase for the month of March, reports Reuters. As well, the South American carrier grew 14% YOY for the quarter.
Airlines are considering energy assets as a hedge against rising fuel costs, which highlights a profitable inverse relationship between airline securities and energy stocks.
The rapid demise of Kingfisher Airlines continued this week as rumors abound that the Indian government will revoke the private carrier’s operating license, the Economic Times of India reports.
