Copa Holdings SA (CPA - Free Report) , the Latin American carrier, posted a rise in air traffic for the month of May. Traffic – measured in revenue passenger miles (RPMs) – came in at 1.57 billion, up 11.8% from 1.41 billion recorded in May 2016.
On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) increased 6.3% to 1.93 billion. As the increase in traffic outpaced growth in capacity, the load factor (% of seats filled by passengers) climbed 400 basis points (bps) to 81.6% in the month.
For the first five months of 2017, Copa Holdings has generated RPMs of 7.86 billion (up 11.5% year over year) and ASMs of 9.60 billion (up 5.1%). Load factor registered growth of 470 bps year over year to 81.9% during the period.
Last month, Copa Holdings reported earnings numbers for first-quarter 2017. The company topped expectations both with respect to earnings as well as revenues.
Its first-quarter earnings (on an adjusted basis) of $2.43 per share beat the Zacks Consensus Estimate of $2.29. The figure was also well above the year-ago tally of $1.66.
Quarterly revenues improved 10.6% year over year to $617 million. The figure also beat the Zacks Consensus Estimate of $615 million. Another Latin American carrier, GOL Linhas too revealed first-quarter earnings figures last month.
Zacks Rank & Key Picks
Copa Holdings currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in airline space include Air France-KLM SA (AFLYY - Free Report) and Deutsche Lufthansa AG (DLAKY - Free Report) . Both sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Air France-KLM and Deutsche Lufthansa jumped above 49% and 31%, respectively, over the last three months.
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Copa Holdings SA (CPA - Free Report) , the Latin American carrier, posted a rise in air traffic for the month of May. Traffic – measured in revenue passenger miles (RPMs) – came in at 1.57 billion, up 11.8% from 1.41 billion recorded in May 2016.
On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) increased 6.3% to 1.93 billion. As the increase in traffic outpaced growth in capacity, the load factor (% of seats filled by passengers) climbed 400 basis points (bps) to 81.6% in the month.
For the first five months of 2017, Copa Holdings has generated RPMs of 7.86 billion (up 11.5% year over year) and ASMs of 9.60 billion (up 5.1%). Load factor registered growth of 470 bps year over year to 81.9% during the period.
Last month, Copa Holdings reported earnings numbers for first-quarter 2017. The company topped expectations both with respect to earnings as well as revenues.
Its first-quarter earnings (on an adjusted basis) of $2.43 per share beat the Zacks Consensus Estimate of $2.29. The figure was also well above the year-ago tally of $1.66.
Quarterly revenues improved 10.6% year over year to $617 million. The figure also beat the Zacks Consensus Estimate of $615 million. Another Latin American carrier, GOL Linhas too revealed first-quarter earnings figures last month.
Zacks Rank & Key Picks
Copa Holdings currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in airline space include Air France-KLM SA (AFLYY - Free Report) and Deutsche Lufthansa AG (DLAKY - Free Report) . Both sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Air France-KLM and Deutsche Lufthansa jumped above 49% and 31%, respectively, over the last three months.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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