Copa Holdings (CPA - Free Report) posted mixed traffic numbers for April. Load factor (percentage of seats filled by passengers) improved significantly even though traffic declined. This was because traffic decline was less than the capacity contraction in the month.
Consolidated traffic (measured in revenue passenger miles or RPMs) came in at 1.7 billion, down 0.9% from the year-ago figure. On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) contracted 3.5% to 2 billion. Consolidated load factor improved 2.2 percentage points (pp) to 84.1%.
On a year-to-date basis, Copa Holdings generated RPMs of 7 billion (up 1.5% year over year) and ASMs of 8.4 billion (up 0.5% year over year). Load factor registered a rise of 0.8 pp year over year to 83.5% as traffic growth outweighed capacity expansion.
Apart from the traffic report, this Latin-American carrier hit headlines when it reported better-than-expected earnings in first-quarter 2019. However, revenues fell short of the consensus mark owing to pricing pressures.
Other key Latin-American carriers that reported first-quarter earnings numbers are GOL Linhas Aereas Inteligentes and Azul (AZUL - Free Report) . While GOL Linhas posted lower-than-expected earnings, Azul outperformed on the bottom-line front.
LATAM Airlines , is scheduled to report its first-quarter 2019 financial numbers on May 16.
Zacks Rank
Copa Holdings carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Will you retire a millionaire?
One out of every six people retires a multimillionaire. Get smart tips you can do today to become one of them in a new Special Report, “7 Things You Can Do Now to Retire a Multimillionaire.”
Click to get it 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 >>
Copa Holdings (CPA - Free Report) posted mixed traffic numbers for April. Load factor (percentage of seats filled by passengers) improved significantly even though traffic declined. This was because traffic decline was less than the capacity contraction in the month.
Consolidated traffic (measured in revenue passenger miles or RPMs) came in at 1.7 billion, down 0.9% from the year-ago figure. On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) contracted 3.5% to 2 billion. Consolidated load factor improved 2.2 percentage points (pp) to 84.1%.
On a year-to-date basis, Copa Holdings generated RPMs of 7 billion (up 1.5% year over year) and ASMs of 8.4 billion (up 0.5% year over year). Load factor registered a rise of 0.8 pp year over year to 83.5% as traffic growth outweighed capacity expansion.
Apart from the traffic report, this Latin-American carrier hit headlines when it reported better-than-expected earnings in first-quarter 2019. However, revenues fell short of the consensus mark owing to pricing pressures.
Other key Latin-American carriers that reported first-quarter earnings numbers are GOL Linhas Aereas Inteligentes and Azul (AZUL - Free Report) . While GOL Linhas posted lower-than-expected earnings, Azul outperformed on the bottom-line front.
LATAM Airlines , is scheduled to report its first-quarter 2019 financial numbers on May 16.
Zacks Rank
Copa Holdings carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Will you retire a millionaire?
One out of every six people retires a multimillionaire. Get smart tips you can do today to become one of them in a new Special Report, “7 Things You Can Do Now to Retire a Multimillionaire.”
Click to get it 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 >>
Get the latest research report on CPA - FREE
Get the latest research report on AZUL - FREE