The stronger-than-expected recovery of air travel demand following the end of the pandemic is supporting growth of the Zacks Transportation - Airline industry. While air travel demand is particularly strong on the leisure front, it is heartening to note that business demand has made an impressive comeback. Passenger volumes are likely to move further northward in the summer season. Per Airlines for America, U.S. airlines are anticipated to carry 271 million passengers from Jun 1 to Aug 31, 2024. The project ...

Copa Holdings (CPA) is benefiting from the strong air travel demand scenario. CPA's fleet-upgrade efforts are praiseworthy, too. Owing to the tailwinds, CPA shares have performed impressively on the bourse. If you have not taken advantage of its share price appreciation yet, it's time to do so. Let's take a look at the factors that make CPA stock a strong investment pick at the moment. Solid Rank & VGM Score: Copa Holdings currently sports a Zacks Rank #1 (Strong Buy) and has a VGM Score of A. Our research ...

Copa Holdings (CPA) closed the last trading session at $98.90, gaining 1.6% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $157.55 indicates a 59.3% upside potential. The average comprises 11 short-term price targets ranging from a low of $138 to a high of $180, with a standard deviation of $15.75. While the lowest estimate indicates an increase of 39.5% from the current price lev ...

As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions. Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by ...

WHITEHALL, Ohio, May 22, 2024 (GLOBE NEWSWIRE) -- Heartland BancCorp ("Heartland" and "the Company") (OTCQX: HLAN), parent company of Heartland Bank ("Bank"), today announced that at the company's annual meeting, Diana L. Turoff was duly elected as director of the company, effective May 21, 2024. She was also elected to the Board of Directors of Heartland Bank in March of 2024. "Diana brings a wealth of knowledge and experience to our board, knows Ohio's communities well and adds CDFI management experience ...

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 ...