Copa Holdings (CPA) Q2 Earnings Top, 2024 Outlook Updated
CPACopa Holdings(CPA) ZACKS·2024-08-09 01:27

Copa Holdings, S.A. (CPA) second-quarter 2024 earnings per share of 2.88surpassedtheZacksConsensusEstimateof2.88 surpassed the Zacks Consensus Estimate of 2.77 but declined 26.5% year over year. Revenues of 819.4millionlaggedtheZacksConsensusEstimateof819.4 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 ...