Copa Holdings’ (CPA) top line benefits from the increased air-travel demand. The company’s proactive measures to expand its fleet are praiseworthy. However, CPA’s financial stability, challenged by escalated operating expenses, is hurting the company’s bottom line.Factors Favoring CPA StockCPA’s top line is bolstered by upbeat air-travel demand. To match this increased demand scenario, CPA has increased its capacity. In August, available seat miles (a measure of capacity) increased 8.2% year over year. Reve ...

Shares of Copa Holdings, S.A. (CPA) have not had a good time on the bourses of late, declining in double-digits year to date. The disappointing price performance resulted in CPA underperforming its industry in the said time frame. Additionally, CPA’s price performance compares unfavorably with that of fellow U.S. airline operators United Airlines (UAL) and Alaska Air Group, Inc. (ALK) in the same time frame.YTD Price Comparison Image Source: Zacks Investment ResearchGiven the significant pullback in CPA’s s ...

Copa Holdings, S.A. (CPA) reported traffic numbers for August 2024 on the back of upbeat air-travel demand. Driven by high passenger volumes, revenue passenger miles (a measure of traffic) improved on a year-over-year basis in August.To match the demand swell, CPA is increasing its capacity. In August, available seat miles (a measure of capacity) increased 8.2% year over year. Revenue passenger miles increased 5.8% year over year. Although traffic improved on a year-over-year basis, it failed to outpace cap ...

PANAMA CITY, September 11, 2024 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA) today released preliminary passenger traffic statistics for August 2024:Operating Data August 2024 August 2023 % Change Copa Holdings (Consolidated) ASM (mm) (1) 2,603.4 2,407.1 8.2 % RPM (mm) (2) 2,215.2 2,093.3 5.8 % Load Factor (3) 85.1 % 87.0 %       -1.9 p.p. 1. Available seat miles - represents the aircraft seating capacity multiplied by the number of miles the seats are flown. 2. Revenue passenger miles - represents the n ...

A month has gone by since the last earnings report for Copa Holdings (CPA) . Shares have added about 2.3% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Copa Holdings due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Copa Holdings Beats on Q2 EarningsCopa Holdings ...

The Zacks Airline industry has been benefiting from buoyant air travel demand, both on the domestic as well as international front. Upbeat passenger volumes have always been acting as a tailwind. Higher bookings contribute to the airlines’ top-line performance. While air travel demand is particularly strong on the leisure front, business travel has also made an encouraging comeback.Partly due to these tailwinds, we believe the Zacks Airline industry has risen 13.5% so far this year, outperforming the 2.9% d ...

Copa Holdings, S.A. (CPA) reported solid traffic numbers for July 2024 on the back of upbeat air-travel demand. Driven by high passenger volumes, revenue passenger miles (a measure of traffic) rose in double digits in July on a year-over-year basis.To match the demand swell, CPA is increasing its capacity. In July, available seat miles (a measure of capacity) increased 11.3% year over year. Revenue passenger miles increased 9.5% from the year-ago quarter. Although traffic improved on a year-over-year basis, ...

PANAMA CITY, Aug. 12, 2024 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA) today released preliminary passenger traffic statistics for July 2024:Operating Data July 2024 July 2023 % Change Copa Holdings (Consolidated) ASM (mm) (1) 2,684.7 2,412.4 11.3 % RPM (mm) (2) 2,350.8 2,147.2 9.5 % Load Factor (3) 87.6 % 89.0 %       -1.4 p.p. 1. Available seat miles - represents the aircraft seating capacity multiplied by the number of miles the seats are flown.2. Revenue passenger miles - represents the number of mi ...

财务数据和关键指标变化 - 公司在第二季度实现了19.5%的行业领先的营业利润率 [8] - 客座率提升0.7个百分点至86.8% [8] - 单位成本(不含燃油)下降5.8%至0.56美元 [9][19] - 单位收益下降7.7%至0.11美元,主要由于对2024年已售机票未使用收入的调整 [9][18][19] 各条业务线数据和关键指标变化 - 公司目前共运营85个目的地,覆盖32个国家,巩固了其作为拉丁美洲最大国际航线枢纽的地位 [11] 各个市场数据和关键指标变化 - 委内瑞拉政府暂时停止了从巴拿马至委内瑞拉的商业航班,公司不得不取消这些航线 [12][13] - 巴西等主要市场的货币贬值也给公司带来了一定压力 [32][44][45] 公司战略和发展方向及行业竞争 - 公司将继续专注于成本控制,预计全年单位成本(不含燃油)将再次下降 [13][26][27] - 公司保持谨慎乐观,认为其商业模式仍然强大和相关,巴拿马枢纽是拉美最佳的航线连接中心 [14][16] - 公司将继续以有机增长的方式谨慎扩张,未来两年将新增15架737 MAX 8飞机 [25] 管理层对经营环境和未来前景的评论 - 管理层认为,尽管行业整体产能增长较快,但公司的需求仍然保持韧性 [44][45] - 公司将根据市场变化灵活调整机队规模和部署,以最大化盈利能力 [48] 其他重要信息 - 公司将于9月13日向股东派发每股1.61美元的第三次股息 [26] - 公司CFO Jose Montero将于2024年底退休,公司正在进行内部和外部的继任者选聘 [28] 问答环节重要的提问和回答 问题1 **Savi Syth 提问** 委内瑞拉航线停飞对公司的影响,以及对第三季度单位收益的压力 [29][30] **Pedro Heilbron 和 Jose Montero 回答** 公司已将委内瑞拉航线停飞的影响纳入了全年指引,预计将在9月至12月期间逐步恢复至全部产能 [32][33][37] 问题2 **Duane Pfennigwerth 提问** 关于未使用机票收入准备金的调整对收益的影响 [38][39][40][41] **Jose Montero 回答** 这是对2024年上半年已售机票未使用收入准备金的一次性调整,已包含在全年指引中 [39][40] 问题3 **Michael Linenberg 提问** 关于737 MAX 9停飞补偿的会计处理 [68][69][70] **Jose Montero 回答** 公司已与波音达成补偿协议,将在未来4年内通过折旧费用的方式体现在利润表中 [69]

Copa Holdings, S.A. (CPA) second-quarter 2024 earnings per share of $2.88 surpassed the Zacks Consensus Estimate of $2.77 but declined 26.5% year over year. Revenues of $819.4 million lagged the Zacks Consensus Estimate of $841 million but rose 1.3% year over year on the back of upbeat passenger revenues.Passenger revenues (which contributed 95.4% to the top line) increased 1% from second-quarter 2023, owing to a 10.6% year-over-year increase in passenger traffic, partly offset by an 8.7% decrease in passen ...