Airline Stock Roundup: GOL & ALGT Report Q1 Loss Amid Coronavirus Woes
Zacks.com
2 days ago
Gol Linhas Aereas Inteligentes GOL and
Allegiant Travel Company ALGT incurred losses for first-quarter 2021. Results were hurt by the huge plummet in passenger revenues. Also, air-travel remained weak on a year-over-year basis. Further, heavyweights like
American Airlines AAL and
Southwest Airlines LUV reported first-quarter loss due to dwindling passenger revenues as mentioned in the previous week’s write up.
Additionally,
SkyWest SKYW underperformed estimates in the March quarter despite reporting earnings, unlike the above two carriers. SkyWest’s results were affected by a significant cut in the number of scheduled flights as a result of the pandemic.