In August, consolidated revenue passenger kilometers (a measure of air traffic) and available seat kilometers (a measure of capacity) increased 11.6% and 7.7%, respectively, on a year-over-year basis. Gol Linhas reported a double-digit year-over-year increase in traffic and capacity for August 2023. Internationally, revenue passenger kilometers and available seat kilometers increased 38.4% and 41.8%, respectively, on a year-over-year basis. On the domestic front, with revenue passenger kilometers (7.5%) outpacing available seat kilometers (6.8%), the load factor increased to 80.2% from 79.7% in August 2022. With consolidated passenger traffic growth outpacing capacity expansion, the load factor (the percentage of seats filled by passengers) improved to 81.6% from 81.3% in August 2022. In August, the Brazilian carrier’s consolidated revenue passenger kilometers (a measure of air traffic) and available seat kilometers (a measure of capacity) increased 13.5% and 13.1%, respectively, on a year-over-year basis. With traffic growth outpacing capacity expansion, the load factor (percentage of seats filled by passengers) improved to 87% from 86.6% in August 2022.īrazilian carrier, Azul reported double-digit year-over-year increases in traffic and capacity for August 2023. In August, available seat miles (a measure of capacity) increased 12.8% year over year. To match the demand swell, CPA is increasing its capacity. Let’s take an in-depth look at these companies’ August traffic reports.ĭriven by high passenger volumes, Copa Holdings’ revenue passenger miles (a measure of traffic) rose in double digits in August on a year-over-year basis. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Each of the aforementioned stocks presently carries a Zacks Rank #3 (Hold). AZUL, Gol Linhas Aereas Inteligentes GOL and Ryanair Holdings RYAAY reported impressive traffic numbers for August. Driven by the buoyant scenario with respect to air traffic, Copa Holdings CPA, Azul S.A.
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