Why Shares of Gol Linhas Aereas Are Up Today
Shares of Brazilian airline Gol Linhas Aereas Inteligentes (NYSE: GOL) climbed 10% on Monday, propelled both by positive news about a potential COVID-19 vaccine and optimistic commentary from a domestic rival.
Airlines worldwide have had a tough year, weighed down by a pandemic that has crushed travel demand. South American carriers have been hit particularly hard, but Gol so far has been able to avoid bankruptcy.
Image source: Getty Images.
Source Fool.com