Latin American carrier, Copa Holdings, S.A. (CPA - Free Report) , posted a substantial rise in traffic for August. Traffic — measured in revenue passenger miles (RPMs) — came in at 1.82 billion, up 16% on a year-over-year basis.
Consolidated capacity (or available seat miles/ASMs) expanded 14.2% to 2.13 billion. As the increase in traffic outpaced growth in capacity, the load factor (percentage of seats filled by passengers) improved 140 basis points (bps) to 85.1% in the same month.
For the first eight months of 2017, Copa Holdings generated RPMs of 13.24 billion (up 13.3% year over year) and ASMs of 15.92 billion (up 8.5%). Load factor registered growth of 350 bps year over year to 83.1%, during the period.
Markedly, Copa Holdings, like its fellow Latin American carrier GOL Linhas , is benefiting from an improved Latin American economy. Evidently, the stock has performed well this year. The company has gained 45.5%, outperforming its industry’s rally of 10.4% 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 includeRyanair Holdings (RYAAY - Free Report) and SkyWest (SKYW - Free Report) , each holding a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares of Ryanair and SkyWest have gained more than 28% and 9%, respectively, on a year-to-date basis.
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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.
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Latin American carrier, Copa Holdings, S.A. (CPA - Free Report) , posted a substantial rise in traffic for August. Traffic — measured in revenue passenger miles (RPMs) — came in at 1.82 billion, up 16% on a year-over-year basis.
Consolidated capacity (or available seat miles/ASMs) expanded 14.2% to 2.13 billion. As the increase in traffic outpaced growth in capacity, the load factor (percentage of seats filled by passengers) improved 140 basis points (bps) to 85.1% in the same month.
For the first eight months of 2017, Copa Holdings generated RPMs of 13.24 billion (up 13.3% year over year) and ASMs of 15.92 billion (up 8.5%). Load factor registered growth of 350 bps year over year to 83.1%, during the period.
Markedly, Copa Holdings, like its fellow Latin American carrier GOL Linhas , is benefiting from an improved Latin American economy. Evidently, the stock has performed well this year. The company has gained 45.5%, outperforming its industry’s rally of 10.4% 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 includeRyanair Holdings (RYAAY - Free Report) and SkyWest (SKYW - Free Report) , each holding a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares of Ryanair and SkyWest have gained more than 28% and 9%, respectively, on a year-to-date basis.
4 Promising Stock Picks to Keep an Eye On
With news stories about computer hacking and identity theft becoming increasingly commonplace, the cybersecurity industry looks like a promising investment opportunity. But which stocks should you buy? Zacks just released Cybersecurity: An Investor’s Guide to Locking Down Profits to help answer this question.
This new Special Report gives you the information you need to make well-informed investment choices in this space. More importantly, it also highlights 4 cybersecurity picks with strong profit potential.
Get the new Investing Guide now>>
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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