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Copa Holdings' (CPA) October Traffic and Load Factor Rise
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Copa Holdings, S.A. (CPA - Free Report) reported a substantial rise in traffic for October. Traffic — measured in revenue passenger miles (RPMs) — came in at 1.71 billion, up 13.5% on a year-over-year basis.
Consolidated capacity (or available seat miles/ASMs) expanded 11.5% to 2 billion. As the increase in traffic outpaced growth in capacity, the load factor (percentage of seats filled by passengers) improved 150 basis points (bps) to 84.8% in the same month.
For the first 10 months of 2017, this Latin American carrier generated RPMs of 16.53 billion (up 13.1% year over year) and ASMs of 19.84 billion (up 8.9%). Also, load factor registered growth of 310 bps year over year to 83.4%.
Meanwhile, Copa Holdings, like its fellow carrier GOL Linhas , is benefiting from an improved Latin American economy backed by strong demand for air travel. Evidently, the company posted better-than-expected earnings per share and revenues in the third quarter of 2017.
In fact, the stock has performed well this year. The company has gained 45.1%, outperforming its industry’s rally of 11.4% on a year-to-date basis.
Zacks Rank & Stocks to Consider
Copa Holdings carries a Zacks Rank #3 (Hold). Better-ranked stocks in the airline space include International Consolidated Airlines Group SA (ICAGY - Free Report) and Deutsche Lufthansa AG (DLAKY - Free Report) . While International Consolidated Airlines Group sports a Zacks Rank #1 (Strong Buy), Deutsche Lufthansa holds a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of International Consolidated Airlines and Deutsche Lufthansa have surged more than 48% and 100%, respectively, year to date.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in puregenius.
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Copa Holdings' (CPA) October Traffic and Load Factor Rise
Copa Holdings, S.A. (CPA - Free Report) reported a substantial rise in traffic for October. Traffic — measured in revenue passenger miles (RPMs) — came in at 1.71 billion, up 13.5% on a year-over-year basis.
Consolidated capacity (or available seat miles/ASMs) expanded 11.5% to 2 billion. As the increase in traffic outpaced growth in capacity, the load factor (percentage of seats filled by passengers) improved 150 basis points (bps) to 84.8% in the same month.
For the first 10 months of 2017, this Latin American carrier generated RPMs of 16.53 billion (up 13.1% year over year) and ASMs of 19.84 billion (up 8.9%). Also, load factor registered growth of 310 bps year over year to 83.4%.
Meanwhile, Copa Holdings, like its fellow carrier GOL Linhas , is benefiting from an improved Latin American economy backed by strong demand for air travel. Evidently, the company posted better-than-expected earnings per share and revenues in the third quarter of 2017.
In fact, the stock has performed well this year. The company has gained 45.1%, outperforming its industry’s rally of 11.4% on a year-to-date basis.
Zacks Rank & Stocks to Consider
Copa Holdings carries a Zacks Rank #3 (Hold). Better-ranked stocks in the airline space include International Consolidated Airlines Group SA (ICAGY - Free Report) and Deutsche Lufthansa AG (DLAKY - Free Report) . While International Consolidated Airlines Group sports a Zacks Rank #1 (Strong Buy), Deutsche Lufthansa holds a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of International Consolidated Airlines and Deutsche Lufthansa have surged more than 48% and 100%, respectively, year to date.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in puregenius.
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