We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Copa Holdings' (CPA) May Traffic Down But Load Factor Up
Read MoreHide Full Article
Copa Holdings (CPA - Free Report) posted mixed traffic numbers for May. Load factor (percentage of seats filled by passengers) improved even though traffic declined. This was because the extent of traffic decrease was less than the capacity contraction in the month.
Consolidated traffic (measured in revenue passenger miles or RPMs) came in at 1.8 billion, down 2.6% from the year-ago figure. On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) shrank 4.6% to 2.08 billion. Consolidated load factor improved 1.8 percentage points (pp) to 86.1%.
On a year-to-date basis, Copa Holdings generated RPMs of 8.83 billion (up 0.7% year over year) and ASMs of 10.51 billion (sliding 0.5% year over year). Load factor registered a rise of 1 pp year over year to 84% as traffic expanded while capacity contracted.
Price Performance
Shares of Copa Holdings have lost 3.7% in a year’s time due to headwinds like downturn in some Latin American economies.
In fact, the company struggled on the top-line front of late, mainly due to pricing pressures. As an evidence, in the first quarter of 2019, the Latin American carrier reported lower-than-expected revenues on account of unfavorable pricing. Passenger revenues, accounting for bulk of the top line, fell 6.6%. The weakness in May traffic further augments the challenges faced by the company on the top-line front.
Fly Leasing, SkyWest and GATX boast a stellar earnings history, having surpassed the Zacks Consensus Estimate in each of the preceding four quarters.
Radical New Technology Creates $12.3 Trillion Opportunity
Imagine buying Microsoft stock in the early days of personal computers… or Motorola after it released the world’s first cell phone. These technologies changed our lives and created massive profits for investors.
Today, we’re on the brink of the next quantum leap in technology. 7 innovative companies are leading this “4th Industrial Revolution” - and early investors stand to earn the biggest profits.
Image: Bigstock
Copa Holdings' (CPA) May Traffic Down But Load Factor Up
Copa Holdings (CPA - Free Report) posted mixed traffic numbers for May. Load factor (percentage of seats filled by passengers) improved even though traffic declined. This was because the extent of traffic decrease was less than the capacity contraction in the month.
Consolidated traffic (measured in revenue passenger miles or RPMs) came in at 1.8 billion, down 2.6% from the year-ago figure. On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) shrank 4.6% to 2.08 billion. Consolidated load factor improved 1.8 percentage points (pp) to 86.1%.
On a year-to-date basis, Copa Holdings generated RPMs of 8.83 billion (up 0.7% year over year) and ASMs of 10.51 billion (sliding 0.5% year over year). Load factor registered a rise of 1 pp year over year to 84% as traffic expanded while capacity contracted.
Price Performance
Shares of Copa Holdings have lost 3.7% in a year’s time due to headwinds like downturn in some Latin American economies.
In fact, the company struggled on the top-line front of late, mainly due to pricing pressures. As an evidence, in the first quarter of 2019, the Latin American carrier reported lower-than-expected revenues on account of unfavorable pricing. Passenger revenues, accounting for bulk of the top line, fell 6.6%. The weakness in May traffic further augments the challenges faced by the company on the top-line front.
Zacks Rank & Key Picks
Copa Holdings carries a Zacks Rank #3 (Hold). Some better-raked stocks in the broader Transportation sector are Fly Leasing , SkyWest (SKYW - Free Report) and GATX Corporation (GATX - Free Report) . While Fly Leasing sports a Zacks Rank #1 (Strong Buy), SkyWest and GATX carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Fly Leasing, SkyWest and GATX boast a stellar earnings history, having surpassed the Zacks Consensus Estimate in each of the preceding four quarters.
Radical New Technology Creates $12.3 Trillion Opportunity
Imagine buying Microsoft stock in the early days of personal computers… or Motorola after it released the world’s first cell phone. These technologies changed our lives and created massive profits for investors.
Today, we’re on the brink of the next quantum leap in technology. 7 innovative companies are leading this “4th Industrial Revolution” - and early investors stand to earn the biggest profits.
See the 7 breakthrough stocks now>>