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 ...

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 - The company is modernizing its fleet by replacing outdated models, which is expected to enhance operational efficiency [8].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].

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 ...

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 ...

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 ...

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CONTACT: Daniel Tapia – Panamá Director – Investor Relations 011 (507) 304-2774 SOURCE Copa Holdings, S.A. | --- | --- | --- | --- | --- | |------------------------------|-----------|------------|------------|-------| | | | | | | | Operating Data | May 2024 | May 2023 | % Change | | | Copa Holdings (Consolidated) | | | | | | ASM (mm) (1) | 2,480.5 | 2,313.77.2 | % | | | RPM (mm) (2) | 2,165.6 | 1,992.98.7 | % | | | Load Factor (3) | 87.3 | %86.1 | % 1.2 p.p. | | For May 2024, Copa Holdings' capacity (ASMs) ...

Here are three stocks with buy rank and strong value characteristics for investors to consider today, June 10th: Copa Holdings (CPA) : This company, through its main subsidiaries — Copa Airlines and Copa Colombia — offers airline passenger and cargo services, carries a Zacks Rank #1(Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 3.2% over the last 60 days. Copa Holdings has a price-to-earnings ratio (P/E) of 5.86 compared with 7.80 for the industry. The ...

Here are three stocks with buy rank and strong income characteristics for investors to consider today, June 10th: This Zacks Rank #1 (Strong Buy) company has a dividend yield of 7.3%, compared with the industry average of 0.0%. This Zacks Rank #1 company has a dividend yield of 6.6%, compared with the industry average of 0.0%. This Zacks Rank #1 company has a dividend yield of 4.8%, compared with the industry average of 2.7%. Find more top income stocks with some of our great premium screens Western Union ( ...

BOSTON and LONDON, June 10, 2024 (GLOBE NEWSWIRE) -- Centessa Pharmaceuticals plc (Nasdaq: CNTA), a clinical-stage pharmaceutical company that aims to discover and develop medicines that are transformational for patients, today announced that John Crowley CPA, has been appointed Chief Financial Officer, and Gregory Weinhoff MD MBA, former Chief Financial Officer, has been appointed to the newly created role of Chief Business Officer, effective June 10, 2024. John Crowley CPA, Chief Financial Officer Greg We ...