Due to coronavirus-induced weak air-travel demand, Gol Linhas Aereas Inteligentes’ GOL traffic, measured in revenue passenger kilometres (RPK), plunged 71.8% year over year in August.With travel demand way below year-ago levels, the company reduced capacity significantly. In August, capacity measured in available seat kilometres (ASK) contracted 70.7%. With traffic declining more than the amount of capacity contraction, load factor (% of seats filled by passengers) fell to 79.4% from 82.4% a year ago. Go Linhas’ total monthly departures have plunged 73.8% and seats declined 73.7%.However, with air-travel demand improving on the domestic front, demand rose 19.8% in August compared with July.The company boosted its network to operate 190 flights per day for August, reopened four bases such as Campina Grande, Caxias do Sul, Maraba and Montes Claros along with addition of 51 daily flight to its main hubs at São Paulo, Guarulhos and Rio de Janeiro airports. Additionally, August capacity rose 17.8% over July. The carrier’s load factor was 79.4% in August on the domestic front. However, the carrier did not operate international flights in August.Zacks Rank & Stocks to ConsiderGol Linhas currently carries a Zacks Rank #5 (Strong Sell).Some better-ranked stocks in the Zacks Transportation sector are Knight-Swift Transportation Holdings Inc. KNX, Canadian Pacific Railway Limited CP and Werner Enterprises, Inc. WERN. Knight-Swift sports a Zacks Rank #1(Strong Buy), while Canadian Pacific and Werner carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Long-term expected earnings per share (three to five years) growth rate for Knight-Swift, Canadian Pacific and Werner is pegged at 15%, 8% and 8.5%, respectively.The Hottest Tech Mega-Trend of AllLast year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.See Zacks' 3 Best Stocks to Play This Trend >> 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 Werner Enterprises, Inc. (WERN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research