GOL Linhas Aereas Inteligentes S.A.GOL posted a decline in air traffic for Apr 2016. Traffic – measured in revenue passenger kilometers (RPK) – stood at 2.53 billion, down 18.4% from 3.1 billion recorded a year ago.Also, on a year-over-year basis, consolidated capacity (or available seat kilometers/ASKs) was down 15.4% to 3.34 billion mainly because of declines of 15.2% and 16.8% in domestic and international capacity, respectively. Likewise, both domestic and international RPK in the month deteriorated a respective 19.2% and 11.9%. Also, in Apr 2016, the carrier witnessed a 25.2% plunge in passenger count.anwhile, the load factor, or percentage of seats filled by passengers, was down to 75.9% from 78.6% recorded in Apr 2015. At the end of the first four months of 2016, RPK was down 9.4% while ASK dropped 8.1%. Similarly, load factor for the same period fell 1.1 percentage points. Adverse conditions in the Brazilian economy, along with foreign currency headwinds owing to the strengthening of the U.S. dollar against the Brazilian real, was largely responsible for GOL Linhas’ dismal performance.We expect these adverse factors to persist in the near future as well.Zacks Rank & Stocks to ConsiderGOL Linhas currently carries a Zacks Rank #2 (Buy). Other favorably ranked stocks in the wider transportation sector include SkyWest Inc. SKYW, Grupo Aeroportuario S.A.B. de C.V. PAC and Nordic American Tankers Limited NAT. All three companies sport a Zacks Rank #1 (Strong Buy).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 >>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-ADR (GOL): Free Stock Analysis Report SKYWEST INC (SKYW): Free Stock Analysis Report NORDIC AMERICAN (NAT): Free Stock Analysis Report GRUPO AEROP-PAC (PAC): Free Stock Analysis Report To read this article on Zacks.com click here.