The Zacks Airline industry has been benefiting from buoyant air travel demand, both on the domestic as well as international front. Upbeat passenger volumes have always been acting as a tailwind. Higher bookings contribute to the airlines' top-line performance. While air travel demand is particularly strong on the leisure front, business travel has also made an encouraging comeback. Partly due to these tailwinds, we believe the Zacks Airline industry has risen 13.5% so far this year, outperforming the 2.9% ...

Copa Holdings' (CPA) prospects are being hurt by high fuel and labor expenses. Weakness pertaining to passenger yield and cargo revenues represents another headwind. Let's delve deeper to unearth the factors responsible for making CPA stock an unattractive investment option. Southward Earnings Estimate Revision: The Zacks Consensus Estimate for current-quarter earnings has been revised 19.1% downward in the past 60 days. For the current year, the consensus mark for earnings has moved 10.4% south in the same ...

Copa Holdings, S.A. (CPA) reported solid traffic numbers for July 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 July on a year-over-year basis. To match the demand swell, CPA is increasing its capacity. In July, available seat miles (a measure of capacity) increased 11.3% year over year. Revenue passenger miles increased 9.5% from the year-ago quarter. Although traffic improved on a year-over-year basis ...

PANAMA CITY, Aug. 12, 2024 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA) today released preliminary passenger traffic statistics for July 2024: | --- | --- | --- | --- | |------------------------------|------------|-------------|-------------| | | | | | | Operating Data | July 2024 | July 2023 | % Change | | Copa Holdings (Consolidated) | | | | | ASM (mm) (1) | 2,684.7 | 2,412.411.3 | % | | RPM (mm) (2) | 2,350.8 | 2,147.29.5 | % | | Load Factor (3) | 87.6 | %89.0 | % -1.4 p.p. | 1. Available seat miles - ...

Copa Holdings, S.A. (NYSE:CPA) Q2 2024 Earnings Conference Call August 8, 2024 11:00 AM ET Company Participants Daniel Tapia - Director-Investor Relations Pedro Heilbron - Chief Executive Officer Jose Montero - Chief Financial Officer Conference Call Participants Savi Syth - Raymond James Duane Pfennigwerth - Evercore ISI Guilherme Mendes - JPMorgan Stephen Trent - Citi Joao Fritz - Goldman Sachs Michael Linenberg - Deutsche Bank Alberto Valerio - UBS Daniel McKenzie - Seaport Global Tom Fitzgerald - TD Cow ...

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

Copa Holdings (CPA) reported $819.4 million in revenue for the quarter ended June 2024, representing a yearover-year increase of 1.3%. EPS of $2.88 for the same period compares to $3.92 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $841.01 million, representing a surprise of -2.57%. The company delivered an EPS surprise of +3.97%, with the consensus EPS estimate being $2.77. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall S ...

Copa Holdings (CPA) came out with quarterly earnings of $2.88 per share, beating the Zacks Consensus Estimate of $2.77 per share. This compares to earnings of $3.92 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 3.97%. A quarter ago, it was expected that this holding company for Panama's national airline would post earnings of $3.27 per share when it actually produced earnings of $4.19, delivering a surprise of 28.13%. Over ...

PANAMA CITY, Aug. 7, 2024 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA), today announced financial results for the second quarter of 2024 (2Q24). 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 tables sect ...

Investors consider the aviation industry a relatively risky form of investment. This is due to a number of factors, including the fact that it requires a large amount of cash for operations, the industry is cyclical, with some parts of the year being better for passenger travel than others, and it is a very competitive market. The airline industry is also subject to issues regarding travel delays. On July 19, there was an IT outage in which CrowdStrike (NYSE:CRWD) was performing a mass software update. A fa ...