In an investor update for the month of August, Gol Linhas Aereas Inteligentes SA GOL stated that it expanded capacity to an average of 190 flights a day last month, thanks to gradual increase in travel demand. The company saw a 20% improvement in demand in the month, compared to July. The carrier’s gross sales surged 27% to R$523 million in August from July. Additionally, gross revenues jumped 15% in August from July.During August, the company re-opened four bases and increased flights between São Paulo and Rio de Janeiro. Consequently, flight operations augmented 7% in August from July. With this, the carrier’s August capacity was 26% of the year-ago level. After an increase to a peak of 260 daily flights in August, Gol Linhas plans to boost capacity to approximately 300 flights per day in September. Thus, capacity in the month is expected to be around 40% of the September-2019 level. The carrier plans to operate 74 aircraft in the network and re-open three additional bases in the ongoing month.Anticipating the uptrend in travel demand to continue, Gol Linhas expects to increase capacity by 300% in the third quarter of 2020, compared with the second quarter. In the fourth quarter, capacity is estimated to rise 120% from the third quarter. At the end of 2020, capacity is expected to be at 80% of the 2019 level (domestic).Gol Linhas Aereas Inteligentes S.A. Price Gol Linhas Aereas Inteligentes S.A. price | Gol Linhas Aereas Inteligentes S.A. QuoteGiven this Brazilian airline’s consistency in its cost-cutting measures, the carrier expects to maintain personnel costs at 50% of pre-pandemic levels in the third quarter of 2020. Excluding payments related to debt service, the carrier’s net cash burn was R$6 million/day. Based on some assumptions, the company expects a net cash burn of approximately R$3 million/day during the September-December period.Earlier, Gol Linhas announced the repayment of $300 million term loan. With this, the company’s long-term debt maturity is now approximately 4 years. The company’s CFO, Richard Lark stated, “Going forward, we have no significant debt maturities until 2024.” As of Aug 31, 2020, the company’s total liquidity was approximately R$2.1 billion.Zacks Rank & Key PicksGol Linhas carries a Zacks Rank #5 (Strong Sell). Some better-ranked stocks in the broader Transportation sector are Landstar System Inc LSTR, Knight-Swift Transportation Holdings Inc KNX and Canadian Pacific Railway Limited CP. While Landstar and Knight-Swift sport a Zacks Rank #1 (Strong Buy), Canadian Pacific carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Shares of Landstar, Knight-Swift and Canadian Pacific have rallied more than 15%, 26% and 17% respectively so far this year.Breakout Biotech Stocks with Triple-Digit Profit PotentialThe biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Gol Linhas Aereas Inteligentes S.A. (GOL): Free Stock Analysis Report KnightSwift Transportation Holdings Inc. (KNX): Free Stock Analysis Report Canadian Pacific Railway Limited (CP): Free Stock Analysis Report Landstar System, Inc. (LSTR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research