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Copa Holdings Announces Monthly Traffic Statistics for July 2025
GlobeNewswire News Room· 2025-08-13 21:00
Group 1 - Copa Holdings reported a 6.3% increase in capacity (ASM) for July 2025 compared to July 2024, reaching 2,854.8 million available seat miles [1] - The company experienced a 7.8% increase in system-wide passenger traffic (RPM) for July 2025, totaling 2,533.7 million revenue passenger miles [1] - The load factor for July 2025 was 88.8%, which is 1.2 percentage points higher than the load factor in July 2024 [1] Group 2 - Copa Holdings is a prominent provider of passenger and cargo services in Latin America, serving countries across North, Central, and South America, as well as the Caribbean [2] - The company operates through its subsidiaries to deliver these services [2]
Copa Holdings Reports Second-Quarter Financial Results
Globenewswire· 2025-08-06 21:30
Core Insights - Copa Holdings reported strong financial results for the second quarter of 2025, achieving a net profit of US$148.9 million, or US$3.61 per share, marking a 25.2% increase in earnings per share compared to the same period in 2024 [4][7][8] - The company declared a dividend payment of US$1.61 per share, to be paid on September 15, 2025, to shareholders of record as of August 29, 2025 [1] Financial Performance - The total operating revenue for 2Q25 was US$842.6 million, a 2.8% increase from US$819.4 million in 2Q24 [7][8] - Passenger revenue increased by 2.0% to US$797.3 million, while cargo and mail revenue rose by 12.4% to US$28.3 million [7][8] - Operating expenses totaled US$666.0 million, a slight increase of 0.9% from US$659.9 million in 2Q24 [8] - The operating profit was US$176.6 million, reflecting a 10.7% increase compared to US$159.5 million in 2Q24 [8] Operational Metrics - Copa Holdings carried 3.6 million revenue passengers in 2Q25, a 9.0% increase from 3.3 million in 2Q24 [6] - The load factor improved to 87.3%, up 0.5 percentage points from 86.8% in 2Q24 [6] - The company ended the quarter with a consolidated fleet of 115 aircraft, including three new Boeing 737 MAX 8 deliveries [4][6] Cost Management - Operating cost per available seat mile (CASM) decreased by 4.6% to 8.5 cents, while CASM excluding fuel increased by 3.2% to 5.8 cents [4][6] - The average price per fuel gallon decreased by 17.0% to US$2.32 compared to the previous year [6][8] Cash Position and Debt - The company reported approximately US$1.4 billion in cash and investments, representing 39% of the last twelve months' revenues [4] - The adjusted net debt to EBITDA ratio stood at 0.6 times, indicating a strong balance sheet [4] Recognition and Awards - Copa Airlines was recognized by Skytrax as the "Best Airline in Central America and the Caribbean" for the tenth consecutive year [4]
Copa Holdings Announces Monthly Traffic Statistics for June 2025
Globenewswire· 2025-07-14 20:51
Core Insights - Copa Holdings reported a 5.3% increase in available seat miles (ASMs) for June 2025 compared to June 2024, reaching 2,654.3 million ASMs [1][2] - Revenue passenger miles (RPMs) increased by 6.3% year-over-year, totaling 2,322.3 million RPMs for June 2025 [1][2] - The load factor for June 2025 was 87.5%, which is an improvement of 0.8 percentage points from June 2024 [1][2] Company Overview - Copa Holdings is a prominent provider of passenger and cargo services in Latin America, operating in North, Central, and South America, as well as the Caribbean [3]
Copa Holdings Announces Monthly Traffic Statistics for April 2025
Globenewswire· 2025-05-12 21:00
PANAMA CITY, May 12, 2025 (GLOBE NEWSWIRE) -- Copa Holdings, S.A. (NYSE: CPA) today released preliminary passenger traffic statistics for April 2025: Copa Holdings (Consolidated)April 2025April 2024% ChangeASM (mm) (1)2,546.6 2,421.1 5.2% RPM (mm) (2)2,209.7 2,095.5 <td style="padding-right: 0 ; text-align: right ; vertical-align: middle; border-bottom: solid black 1pt ; ...
Copa Holdings Reports First-Quarter Financial Results
GlobeNewswire News Room· 2025-05-07 21:30
Core Viewpoint Copa Holdings reported its financial results for the first quarter of 2025, showing a slight increase in net profit and a decrease in operating margin, while maintaining a strong cash position and operational performance. Financial Performance - Net profit for 1Q25 was US$176.8 million, or US$4.28 per share, reflecting a US$0.7 million increase compared to 1Q24 [3][4] - Operating profit was US$213.8 million with an operating margin of 23.8%, down 1.0% and 0.4 percentage points respectively from 1Q24 [3][4] - Operating revenues totaled US$899.2 million, a 0.6% increase from 1Q24 [2][8] Operational Metrics - Revenue passengers carried increased by 7.4% year-over-year to 3,512,000 [2] - Revenue passenger miles (RPMs) rose by 10.1% to 6,743 million [2] - Load factor improved to 86.4%, up 0.4 percentage points from 1Q24 [2] Cost and Efficiency - Operating cost per available seat mile (CASM) decreased by 7.7% to 8.8 cents, while CASM excluding fuel fell by 4.3% to 5.8 cents [3][9] - Average price per fuel gallon dropped by 12.4% to US$2.54 [2] Cash and Debt Position - The company ended the quarter with approximately US$1.3 billion in cash and investments, representing 39% of the last twelve months' revenues [3] - Total debt, including lease liabilities, stood at US$1.9 billion, with an Adjusted Net Debt to EBITDA ratio of 0.5 times [3] Fleet and Future Plans - Copa Holdings has a consolidated fleet of 112 aircraft and has exercised options for six additional Boeing 737 MAX-8 aircraft, increasing its firm order book to 57 aircraft [3][4] - The company achieved an on-time performance of 90.8% and a flight completion factor of 99.9% [3]
Copa Holdings Files Annual Report Form 20-F
Globenewswire· 2025-04-29 12:55
PANAMA CITY, April 29, 2025 (GLOBE NEWSWIRE) -- Copa Holdings, S.A. (NYSE: CPA), has filed its annual report Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission. The report is available in the investor relations section of Copa's website at www.copaair.com. Shareholders may receive a hard copy of the report, which includes Copa's audited financial statements, free of charge through the contact below. Electronic Link:https://copa.gcs-web.com/financial-infor ...