Angel Di Bilio Copa Holdings, S.A. (NYSE:CPA) reported Q1 earnings on the 15th of May. We have covered Copa Holdings in the past with varying results when comparing the price development to the S&P 500 (SP500). However, while airline stocks are volatile and capitalizing on positive prospects is difficult, Copa Holdings stock has performed rather well, as we discuss in this report. I will be analyzing the most recent results and update my price target on the stock. Copa Holdings Stock Outperforms Since my la ...

Copa Holdings Reports Financial Results for the First Quarter of 2024 Panama City, Panama --- May 15, 2024. Copa Holdings, S.A. (NYSE: CPA), today announced financial results for the first quarter of 2024 (1Q24). The terms "Copa Holdings" and the "Company" refer to the consolidated entity. The following financial information, unless otherwise indicated, is presented in accordance with International Financial Reporting Standards (IFRS). See the accompanying reconciliation of non-IFRS financial information to ...

Copa Holdings, S.A. (NYSE:CPA) Q1 2024 Earnings Conference Call May 16, 2024 11:00 AM ET Company Participants Daniel Tapia - Director, IR Pedro Heilbron - CEO José Montero - CFO Conference Call Participants Savi Syth - Raymond James Duane Pfennigwerth - Evercore Rogerio Araujo - Bank of America Helane Becker - TD Cowen Alberto Valerio - UBS Michael Linenberg - Deutsche Bank Pablo Monsivais - Copa Barclays Jay Singh - Citi Operator Ladies and gentlemen, thank you for standing by. Welcome to the Copa Holdings ...

Core Insights - Copa Holdings, S.A. (CPA) reported first-quarter 2024 earnings per share of $4.19, exceeding the Zacks Consensus Estimate of $3.27 and reflecting a 5% year-over-year improvement [1] - Revenues reached $893.5 million, surpassing the Zacks Consensus Estimate of $846.2 million, and increased by 3% year over year, driven by strong passenger revenues [1] Revenue Breakdown - Passenger revenues, which accounted for 96.1% of total revenues, rose by 3% compared to the first quarter of 2023, primarily due to increased capacity [2] - Cargo and mail revenues decreased by 5.8% to $21.91 million, attributed to lower cargo yields [2] - Other operating revenues increased by 28.4% year over year to $12.83 million [2] Operational Metrics - Copa Holdings' traffic, measured in revenue passenger miles, grew by 7.1% year over year, while capacity, measured in available seat miles, increased by 8% [3] - The load factor decreased by 0.7 percentage points to 86% due to traffic growth lagging behind capacity expansion [3] - Passenger revenue per available seat mile fell by 4.6% year over year to 12.1 cents, and revenue per available seat mile (RASM) also declined by 4.6% to 12.5 cents [4] Cost Analysis - Total operating expenses rose by 0.5% year over year to $677.5 million, driven by higher capacity but offset by lower fuel and maintenance costs [5] - Wages, salaries, and employee benefits increased by 11.4%, while sales and distribution costs decreased by 9.6% [5] - Passenger servicing costs surged by 45.6%, and flight operation costs increased by 13.1% [5] Financial Position - At the end of the first quarter, Copa Holdings had cash and cash equivalents of $170.52 million, down from $206.37 million at the end of the fourth quarter [6] - Total debt, including lease liabilities, remained stable at $1.7 billion [6] - The consolidated fleet consisted of 106 aircraft, including various models of Boeing 737 [6] 2024 Outlook - Management expects consolidated capacity to grow by 10% year over year, with an anticipated operating margin of 21%-23% [7] - The load factor is projected to be 87%, and RASM is expected to be 12.0 cents [7] - Non-fuel unit costs and fuel cost per gallon are anticipated to be 5.9 cents and $2.85 per gallon, respectively [7]

PANAMA CITY, Panama, May 15, 2024 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA), today announced financial results for the first quarter of 2024 (1Q24). The terms "Copa Holdings" and the "Company" refer to the consolidated entity. The following financial information, unless otherwise indicated, is presented in accordance with International Financial Reporting Standards (IFRS). See the accompanying reconciliation of non-IFRS financial information to IFRS financial information included in the financial tabl ...

Copa Holdings, S.A. (CPA) reported solid traffic numbers for April 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 April on a year-over-year basis. To match the demand swell, CPA is increasing its capacity. In April, available seat miles (a measure of capacity) increased 9.6% year over year. Revenue passenger miles increased 11.2%. With traffic growth outpacing capacity expansion, the load factor (percent ...

PANAMA CITY, May 14, 2024 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA) today released preliminary passenger traffic statistics for April 2024: | Operating Data | April | April | % Change | | --- | --- | --- | --- | | | 2024 | 2023 | | | Copa Holdings (Consolidated) | | | | | ASM (mm) (1) | 2,421.1 | 2,208.79.6 | % | | RPM (mm) (2) | 2,095.5 | 1,884.411.2 | % | | Load Factor (3) | 86.6 | %85.3 % | 1.2 p.p. | For April 2024, Copa Holdings' capacity (ASMs) increased by 9.6%, while system-wide passenger traf ...

Core Viewpoint - Copa Holdings (CPA) has seen a 10.1% increase in share price over the past four weeks, closing at $106, with a mean price target of $155.56 indicating a potential upside of 46.8% [1] Price Targets - The average price target consists of nine estimates ranging from a low of $138 to a high of $180, with a standard deviation of $15.13, suggesting a potential increase of 30.2% to 69.8% from the current price [2] - A low standard deviation indicates a higher agreement among analysts regarding the price movement of CPA [2][8] Analyst Sentiment - Analysts have shown increasing optimism about CPA's earnings prospects, with a strong consensus in revising EPS estimates higher, which correlates with potential stock price increases [4][10] - Over the last 30 days, the Zacks Consensus Estimate for the current year has increased by 0.1%, with one estimate moving higher and no negative revisions [11] Zacks Rank - CPA holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, indicating a strong potential for upside in the near term [12]

Impressive operating margins attributed to low unit cost and healthy travel demand helped Copa Holdings' post- industry-leading financial results last year. Through its subsidiaries Copa Airlines and Copa Columbia, the company has become a regional leader among airlines in South America with destinations to and from North and Central America and the Caribbean along with its Panama City hub. Coming off of a very tough-to-compete-against prior-year quarter, Copa Holdings' Q1 sales are projected to dip -3% to ...

Wall Street analysts forecast that Copa Holdings (CPA) will report quarterly earnings of $3.06 per share in its upcoming release, pointing to a year-over-year decline of 23.3%. It is anticipated that revenues will amount to $837.31 million, exhibiting a decline of 3.5% compared to the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Bef ...