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Copa Holdings (CPA) August Traffic Increases From 2022 Levels
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Copa Holdings, S.A. (CPA - Free Report) reported highly impressive traffic numbers for August on the back of upbeat air-travel demand. Driven by high passenger volumes, revenue passenger miles (a measure of traffic) rose in double digits in August on a year-over-year basis.
To match the demand swell, CPA is increasing its capacity. In August, available seat miles (a measure of capacity) increased 12.8% year over year. Revenue passenger miles increased 13.3%. With traffic growth outpacing capacity expansion, the load factor (percentage of seats filled by passengers) improved to 87% from 86.6% in August 2022.
Impressive air traffic has led to a 15.7% appreciation in the CPA stock so far this year. This northward movement compares favorably with 6% growth recorded by the Zacks Airline industry in the same time frame.
Given the buoyant traffic scenario, Copa Holdings is not the only airline to report impressive traffic numbers for August. Brazilian carrier, Azul S.A. (AZUL - Free Report) reported double-digit year-over-year increases in traffic and capacity for August 2023.
In August, the Brazilian carrier’s consolidated revenue passenger kilometers (a measure of air traffic) and available seat kilometers (a measure of capacity) increased 13.5% and 13.1%, respectively, on a year-over-year basis. With consolidated passenger traffic growth outpacing capacity expansion, the load factor (the percentage of seats filled by passengers) improved to 81.6% from 81.3% in August 2022.
On the domestic front, with revenue passenger kilometers (7.5%) outpacing available seat kilometers (6.8%), the load factor increased to 80.2% from 79.7% in August 2022.
Internationally, revenue passenger kilometers and available seat kilometers increased 38.4% and 41.8%, respectively, on a year-over-year basis. The load factor was 86.3%.
Gol Linhas Aereas Inteligentes S.A. recently reported a double-digit year-over-year increase in traffic and capacity for August 2023.
In August, consolidated revenue passenger kilometers (a measure of air traffic) and available seat kilometers (a measure of capacity) increased 11.6% and 7.7%, respectively, on a year-over-year basis. With traffic growth outpacing capacity expansion, the load factor (percentage of seats filled by passengers) for August 2023 improved to 84.4% from 81.5% in August 2022. The number of flight departures at GOL in August registered a 17.8% year-over-year increase. Consolidated passengers on board rose 22.4% year over year.
On the domestic front, with revenue passenger kilometers (13.7%) outpacing available seat kilometers (9.4%), the load factor increased to 84.6% from 81.4% in August 2022.
Internationally, the load factor increased to 82.7% from 82.3% in August 2022.
Ryanair Holdings(RYAAY - Free Report) , a European carrier, also reported impressive traffic numbers for August 2023, driven by upbeat air-travel demand. The number of passengers ferried on RYAAY flights in August was 18.9 million, implying an increase of 12% from a year ago. Owing to upbeat traffic, the load factor was as high as 96% in August. The reading was similar in the year-ago period.
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Copa Holdings (CPA) August Traffic Increases From 2022 Levels
Copa Holdings, S.A. (CPA - Free Report) reported highly impressive traffic numbers for August on the back of upbeat air-travel demand. Driven by high passenger volumes, revenue passenger miles (a measure of traffic) rose in double digits in August on a year-over-year basis.
To match the demand swell, CPA is increasing its capacity. In August, available seat miles (a measure of capacity) increased 12.8% year over year. Revenue passenger miles increased 13.3%. With traffic growth outpacing capacity expansion, the load factor (percentage of seats filled by passengers) improved to 87% from 86.6% in August 2022.
Impressive air traffic has led to a 15.7% appreciation in the CPA stock so far this year. This northward movement compares favorably with 6% growth recorded by the Zacks Airline industry in the same time frame.
Image Source: Zacks Investment Research
Copa Holdings currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Given the buoyant traffic scenario, Copa Holdings is not the only airline to report impressive traffic numbers for August. Brazilian carrier, Azul S.A. (AZUL - Free Report) reported double-digit year-over-year increases in traffic and capacity for August 2023.
In August, the Brazilian carrier’s consolidated revenue passenger kilometers (a measure of air traffic) and available seat kilometers (a measure of capacity) increased 13.5% and 13.1%, respectively, on a year-over-year basis. With consolidated passenger traffic growth outpacing capacity expansion, the load factor (the percentage of seats filled by passengers) improved to 81.6% from 81.3% in August 2022.
On the domestic front, with revenue passenger kilometers (7.5%) outpacing available seat kilometers (6.8%), the load factor increased to 80.2% from 79.7% in August 2022.
Internationally, revenue passenger kilometers and available seat kilometers increased 38.4% and 41.8%, respectively, on a year-over-year basis. The load factor was 86.3%.
Gol Linhas Aereas Inteligentes S.A. recently reported a double-digit year-over-year increase in traffic and capacity for August 2023.
In August, consolidated revenue passenger kilometers (a measure of air traffic) and available seat kilometers (a measure of capacity) increased 11.6% and 7.7%, respectively, on a year-over-year basis. With traffic growth outpacing capacity expansion, the load factor (percentage of seats filled by passengers) for August 2023 improved to 84.4% from 81.5% in August 2022. The number of flight departures at GOL in August registered a 17.8% year-over-year increase. Consolidated passengers on board rose 22.4% year over year.
On the domestic front, with revenue passenger kilometers (13.7%) outpacing available seat kilometers (9.4%), the load factor increased to 84.6% from 81.4% in August 2022.
Internationally, the load factor increased to 82.7% from 82.3% in August 2022.
Ryanair Holdings(RYAAY - Free Report) , a European carrier, also reported impressive traffic numbers for August 2023, driven by upbeat air-travel demand. The number of passengers ferried on RYAAY flights in August was 18.9 million, implying an increase of 12% from a year ago. Owing to upbeat traffic, the load factor was as high as 96% in August. The reading was similar in the year-ago period.