Copa Holdings, S.A. (CPA - Free Report) posted a substantial rise in traffic for September. Measured in revenue passenger miles (RPMs), traffic came in at 1.59 billion, up 10.7% from 1.45 billion reported a year ago.
On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) climbed 8.9% to 1.9 billion. As the increase in traffic outpaced capacity growth, load factor (% of seats filled by passengers) expanded 130 basis points (bps) to 84.1% in the month.
For the first nine months of 2017, Copa Holdings generated RPMs of 14.83 billion (up 13% year over year) and ASMs of 17.82 billion (up 8.6%). Load factor registered a rise of 320 bps year over year to 83.2% during the period.
With the earnings season on, several major airline companies are scheduled to report third-quarter earnings numbers next week. American Airlines (AAL - Free Report) and Alaska Airlines (ALK - Free Report) will reveal third-quarter financial numbers on Oct 26 and Oct 25, respectively.
Copa Holdings is slated to release third-quarter 2017 results on Nov 8. Last quarter, the carrier’s earnings per share (on an adjusted basis) of $1.48 beat the Zacks Consensus Estimate of $1.42. The bottom line also comfortably surpassed the year-ago count of 51 cents. Quarterly revenues improved 16.8% year over year to $578.1 million, exceeding the Zacks Consensus Estimate of $548 million. It remains to be seen how the carrier performs in the third quarter.
Last week, Delta Air Lines (DAL - Free Report) reported third-quarter earnings numbers.The company’s earnings as well as revenues outpaced expectations, despite recent natural calamities.
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Copa Holdings, S.A. (CPA - Free Report) posted a substantial rise in traffic for September. Measured in revenue passenger miles (RPMs), traffic came in at 1.59 billion, up 10.7% from 1.45 billion reported a year ago.
On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) climbed 8.9% to 1.9 billion. As the increase in traffic outpaced capacity growth, load factor (% of seats filled by passengers) expanded 130 basis points (bps) to 84.1% in the month.
For the first nine months of 2017, Copa Holdings generated RPMs of 14.83 billion (up 13% year over year) and ASMs of 17.82 billion (up 8.6%). Load factor registered a rise of 320 bps year over year to 83.2% during the period.
With the earnings season on, several major airline companies are scheduled to report third-quarter earnings numbers next week. American Airlines (AAL - Free Report) and Alaska Airlines (ALK - Free Report) will reveal third-quarter financial numbers on Oct 26 and Oct 25, respectively.
Copa Holdings is slated to release third-quarter 2017 results on Nov 8. Last quarter, the carrier’s earnings per share (on an adjusted basis) of $1.48 beat the Zacks Consensus Estimate of $1.42. The bottom line also comfortably surpassed the year-ago count of 51 cents. Quarterly revenues improved 16.8% year over year to $578.1 million, exceeding the Zacks Consensus Estimate of $548 million. It remains to be seen how the carrier performs in the third quarter.
Last week, Delta Air Lines (DAL - Free Report) reported third-quarter earnings numbers.The company’s earnings as well as revenues outpaced expectations, despite recent natural calamities.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>
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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