Copa Holdings: The Free Cash Flow Backs Up The Yield
CPACopa Holdings(CPA) Seeking Alpha·2024-08-02 11:09
Thomas Barwick The global airline industry has struggled despite record-high travel trends and strong US consumer spending. The US Global Jets ETF (JETS) has underperformed the S&P 500 ETF (SPY) by more than 30 percentage points in the past year. It comes following rather poor execution among various airline management teams, evidenced by soft revenue per available seat mile (RASM) trends as reported by major players during the current reporting period. I have a buy rating, however, on shares of Copa Ho ...