Copa Holdings(CPA)

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Brittany Davison, CPA, CA, Joins BioVaxys as Business Advisor
Prnewswire· 2024-07-18 12:00
VANCOUVER, BC, July 18, 2024 /PRNewswire/ -- BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the "Company") is pleased to announce that it has engaged Brittany Davison, CPA, CA as Business Advisor. Ms. Davison is a Chartered Professional Accountant and owner of Davison CPA Consulting Inc., of Halifax, NS. She previously served as Chief Accounting Officer and Acting Chief Financial Officer at IMV Inc., where she led a US$9M Public Offering in December 2022 and assisted in raising more than U ...
Copa Holdings (CPA) June Traffic Rises From 2023 Levels
ZACKS· 2024-07-11 18:25
Copa Holdings, S.A. (CPA) reported solid traffic numbers for June 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 June on a year-over-year basis. To match the demand swell, CPA is increasing its capacity. In June, available seat miles (a measure of capacity) increased 12.3% year over year. Revenue passenger miles rose 12.1%. Although traffic improved on a yearover-year basis, it failed to outpace capacity ...
Is Copa Holdings (CPA) Stock Undervalued Right Now?
ZACKS· 2024-07-11 14:46
Another valuation metric that we should highlight is CPA's P/B ratio of 1.73. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 3.47. Over the past 12 months, CPA's P/B has been as high as 3.04 and as low as 1.55, with a median of 1.86. Furthermore, SkyWest holds a P/B ratio of 1.56 and its industry's price-to-book ratio is 3.47. SKYW's P/B has ...
COPA HOLDINGS ANNOUNCES MONTHLY TRAFFIC STATISTICS FOR JUNE 2024
Prnewswire· 2024-07-10 20:47
Core Insights - Copa Holdings, S.A. reported a 12.3% increase in available seat miles (ASMs) for June 2024 compared to June 2023, reaching 2,521.9 million ASMs [3] - Revenue passenger miles (RPMs) also saw a 12.1% increase, totaling 2,185.1 million RPMs in June 2024 [3] - The load factor for June 2024 was 86.6%, which is a decrease of 0.2 percentage points from 86.8% in June 2023 [3] Capacity and Traffic - The increase in capacity (ASMs) indicates a growth strategy by Copa Holdings to expand its service offerings [3] - The rise in passenger traffic (RPMs) suggests a strong demand for air travel within the regions served by the company [3] Load Factor Analysis - The slight decline in load factor to 86.6% may indicate a need for the company to optimize its capacity management [3]
All You Need to Know About Copa Holdings (CPA) Rating Upgrade to Buy
ZACKS· 2024-07-10 17:00
The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Most Powerful Force Impacting Stock Prices Harnessing the Power of Earnings Estimate Revisions Earnings Estimate Revisions for Copa Holdings Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Z ...
Copa Holdings Announces Second Quarter Financial Results Release Schedule
Prnewswire· 2024-07-08 23:27
Earnings Conference Call and Webcast Date: August 8, 2024 Time: 11:00 AM US ET (10:00 AM Local Time) Join by phone: https://register.vevent.com/register/BIaa69ad95e8754597ac5a227df82cb25e Webcast (listen-only): https://copa.gcs-web.com/events-and-presentations Speakers: Pedro Heilbron, Chief Executive Officer José Montero, Chief Financial Officer CONTACT: Daniel Tapia – Panama Director – Investor Relations 011 (507) 304-2774 If you are unable to listen to or access this presentation at the scheduled time, a ...
Why Investors Should Hold Copa Holdings (CPA) Stock for Now
ZACKS· 2024-06-25 18:40
Core Viewpoint - Copa Holdings, S.A. is experiencing positive revenue growth due to strong air-travel demand, but faces challenges with low liquidity and rising expenses [1][3]. Financial Performance - In the first quarter of 2024, Copa Holdings reported revenues of $893.5 million, exceeding the Zacks Consensus Estimate of $846.2 million, and reflecting a 3% year-over-year increase driven by higher passenger revenues [13]. - Passenger revenues, which accounted for 96.1% of total revenues, increased by 3% compared to the first quarter of 2023, supported by an increase in capacity [13]. - Total operating expenses rose by 0.5% year-over-year to $677.5 million, influenced by higher capacity, while costs for wages and employee benefits surged by 11.4% [15]. Fleet and Capacity - As of the end of the first quarter of 2024, Copa Holdings operated a fleet of 106 aircraft, including 67 Boeing 737-800s and 29 Boeing 737 MAX 9s, with plans to expand to 115 aircraft by the end of 2024 [2][8]. - The company is modernizing its fleet by replacing outdated models, which is expected to enhance operational efficiency [8]. Liquidity and Debt - The liquidity position of Copa Holdings is concerning, with cash and cash equivalents at $170.52 million compared to total debt of $1.7 billion, indicating insufficient cash to cover debt obligations [3]. Market Position - Despite the challenges, Copa Holdings has a history of exceeding earnings estimates, with an average earnings surprise of 20.19% over the last four quarters [14].
Wall Street Bulls Look Optimistic About Copa Holdings (CPA): Should You Buy?
ZACKS· 2024-06-20 14:30
Let's take a look at what these Wall Street heavyweights have to say about Copa Holdings (CPA) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Of the 13 recommendations that derive the current ABR, 12 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 92.3% and 7.7% of all recommendations. Check price target & stock forecast for Copa Holdings here>>> This means that the interests of these institutions are not always aligned with t ...
3 Airline Stocks to Buy Now: June 2024
Investor Place· 2024-06-17 19:44
Despite inflation in the sectors that supply the aviation industry, the overall success of airlines' rebound from the pandemic-era travel troubles has led to a bustling travel industry. As such, it appears the airline stocks to buy now have dedicated customer bases serving critical regional and international routes. Moreover, several summer routes have seen a gentle price drop as demand plays into the cost of coach tickets for the average American passenger. This decreased demand can be attributed to the Am ...
Copa Holdings (CPA) May Traffic Increases From 2023 Levels
ZACKS· 2024-06-13 16:37
To match the demand swell, CPA is increasing its capacity. In May, available seat miles (a measure of capacity) increased 7.2% year over year. Revenue passenger miles increased 8.7%. With traffic growth outpacing capacity expansion, the load factor (percentage of seats filled by passengers) improved to 87.3% from 86.1% in May 2023. Given the buoyant traffic scenario, Copa Holdings is not the only airline to report impressive traffic numbers for May. Ryanair Holdings (RYAAY) , a European carrier, also report ...