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.

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Source Fool.com