Gol Linhas Aereas Inteligentes (NYSE: GOL), also called Gol Intelligent Airlines, is out with results that are keeping the recent rally in Brazilian airline stocks going. Shares of Gol climbed as much as 17% on Wednesday after the company posted numbers that suggest it has finally put the pandemic behind it.

The airline industry was hit hard by the pandemic. In the United States the sector bounced back quickly after vaccines became widespread, but markets elsewhere including Brazil have been stubbornly slow to respond.

That might finally be changing. Days after Brazilian rival Azul reported a solid quarter and provided an optimistic outlook about the year ahead, Gol is out with numbers that topped the fourth quarter of 2019.

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Source Fool.com