Copa Holdings (CPA) Q4 Earnings & Revenues Surpass Estimates

Copa Holdings’ (CPA) fourth-quarter 2023 earnings per share of $4.47 (excluding 8 cents from non-recurring items) surpassed the Zacks Consensus Estimate of$3.90 but declined 0.45% year over year. Revenues of $916.9 million beat the Zacks Consensus Estimate of$893.6 million and rose 2.96% year over year on the back of upbeat passenger revenues.Passenger revenues (which contributed 95.9% to the top line) increased 3.2% from fourth-quarter 2022, owing to capacity increase. Cargo and mail revenues fell 2.1% t ...