Copa Holdings (CPA) Reports Impressive Rise In July Traffic
Zacks Investment Research | Aug 22, 2017 09:16PM ET
Latin American carrier Copa Holdings, S.A. (NYSE:CPA) posted a substantial rise in traffic for July. Traffic — measured in revenue passenger miles (RPMs) — came in at 1.91 billion, up 17.2% from 1.63 billion reported a year ago.
On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) climbed 15.1% to 2.18 billion. As the increase in traffic outpaced growth in capacity, the load factor (% of seats filled by passengers) rose 150 basis points (bps) to 87.6% in the month.
For the first seven months of 2017, Copa Holdings generated RPMs of 11.42 billion (up 12.9% year over year) and ASMs of 13.78 billion (up 7.7%). Load factor registered growth of 380 bps year over year to 82.8% during the period.
Copa Holdings recently reported second-quarter 2017 earnings numbers. The carrier’s second-quarter earnings per share (on an adjusted basis) of $1.48 beat the Zacks Consensus Estimate of $1.42. The bottom line also comfortably surpassed the year-ago count of 51 cents. Quarterly revenues improved 16.8% year over year to $578.1 million, beating the Zacks Consensus Estimate of $548 million.
Latin American carrier GOL Linhas (NYSE:GOL) too reported second-quarter earnings around the same time. The airline’s second-quarter 2017 earnings per share of 24 cents compared favorably with the Zacks Consensus Estimate of a loss of 60 cents. Net revenues, comprising cargo and passenger revenues, came in at $696.2 million (R$2.2 billion), significantly up year over year.
Copa Holdings, S.A. Price
Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.