Copa Holdings October 2024 Traffic Improves Year Over Year

Core Insights - Copa Holdings, S.A. (CPA) reported an increase in revenue passenger miles in October 2024, driven by strong air-travel demand [1] - Ryanair Holdings (RYAAY) also experienced significant traffic growth, with 18.3 million passengers transported in October 2024, reflecting a 7% year-over-year increase [4] Copa Holdings (CPA) - Revenue passenger miles increased by 6.5% year-over-year in October 2024 [2] - Available seat miles rose by 6.6% year-over-year, but the load factor decreased to 87.4% from 87.6% in October 2023 [2] - CPA currently holds a Zacks Rank 2 (Buy) and has seen a 10.6% share price increase over the past three months [6] Ryanair Holdings (RYAAY) - The load factor for Ryanair remained flat at 93% year-over-year, indicating stable passenger demand [4] - Ryanair expects an 8% growth in traffic for fiscal 2025, contingent on no worsening of Boeing delivery delays [5] Other Transportation Stocks - C.H. Robinson Worldwide (CHRW) and Expeditors International of Washington, Inc. (EXPD) are also top-ranked stocks in the transportation sector, both carrying a Zacks Rank 2 [8] - CHRW has an expected earnings growth rate of 32.42% for 2024, with shares gaining 26.2% this year [9] - EXPD has an expected earnings growth rate of 5.79% for 2024, with shares increasing by 58.5% this year [10]