Copa Holdings (CPA) Q1 Earnings & Revenues Beat, Up Y/Y

Copa Holdings, S.A. (CPA) first-quarter 2024 earnings per share of $4.19 surpassed the Zacks Consensus Estimate of$3.27 and improved 5% year over year. Revenues of $893.5 million beat the Zacks Consensus Estimate of$846.2 million and rose 3% year over year on the back of upbeat passenger revenues. Passenger revenues (which contributed 96.1% to the top line) increased 3% from first-quarter 2023, owing to capacity increase. Cargo and mail revenues fell 5.8% to $21.91 million due to lower cargo yields. Other ...