We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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 November 2024 Traffic Improves Year Over Year
Read MoreHide Full Article
Copa Holdings, S.A. (CPA - Free Report) reported traffic numbers for November 2024 on the back of upbeat air-travel demand. Driven by high passenger volumes, revenue passenger miles (a measure of traffic) improved on a year-over-year basis in November.
To match the demand swell, CPA is increasing its capacity. In November, available seat miles (a measure of capacity) increased 8.4% year over year. Revenue passenger miles increased 6.8% year over year. Although traffic improved on a year-over-year basis, it failed to outpace capacity expansion. As a result, the load factor (percentage of seats filled by passengers) fell to 86.1% from 87.4% in November 2023.
Apart from Copa Holdings, another airline company, Ryanair Holdings (RYAAY - Free Report) , aEuropean carrier, reported solid traffic numbers for November 2024, driven by upbeat air-travel demand.
The number of passengers transported on Ryanair flights was 13 million in November 2024, reflecting an 11% year-over-year increase. The November load factor of 92% remained flat on a year-over-year basis, reflecting consistent passenger demand for the airline's services. RYAAY operated more than 73,750 flights in November 2024.
To meet the upbeat demand, Ryanair expects its traffic view to grow 8% on a year-over-year basis for fiscal 2025, subject to no worsening of current Boeing delivery delays.
CPA’s Zacks Rank & Price Performance
CPA currently carries a Zacks Rank #3 (Hold).
Shares of CPA have gained 2.8% over the past three months compared with 9.4% growth of the Zacks Airline industry.
EXPD has an impressive earnings surprise history. The company's earnings outpaced the Zacks Consensus Estimate in two of the trailing four quarters (missed the mark in the remaining quarter and met in the other quarter), delivering an average surprise of 4.75%.
The Zacks Consensus Estimate for EXPD’s 2024 earnings has been revised 6.4% upward over the past 90 days. EXPD has an expected earnings growth rate of 8.38% for 2024. Shares of EXPD have lost 4.5% so far this year.
WAB has an impressive earnings surprise history. The company's earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters (missed the mark in the remaining quarter), delivering an average surprise of 9.46%.
The Zacks Consensus Estimate for WAB’s 2024 earnings has been revised 2.5% upward over the past 90 days. WAB has an expected earnings growth rate of 28.55% for 2024. Shares of WAB have gained 57.4% so far this year.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Copa Holdings November 2024 Traffic Improves Year Over Year
Copa Holdings, S.A. (CPA - Free Report) reported traffic numbers for November 2024 on the back of upbeat air-travel demand. Driven by high passenger volumes, revenue passenger miles (a measure of traffic) improved on a year-over-year basis in November.
To match the demand swell, CPA is increasing its capacity. In November, available seat miles (a measure of capacity) increased 8.4% year over year. Revenue passenger miles increased 6.8% year over year. Although traffic improved on a year-over-year basis, it failed to outpace capacity expansion. As a result, the load factor (percentage of seats filled by passengers) fell to 86.1% from 87.4% in November 2023.
Apart from Copa Holdings, another airline company, Ryanair Holdings (RYAAY - Free Report) , aEuropean carrier, reported solid traffic numbers for November 2024, driven by upbeat air-travel demand.
The number of passengers transported on Ryanair flights was 13 million in November 2024, reflecting an 11% year-over-year increase. The November load factor of 92% remained flat on a year-over-year basis, reflecting consistent passenger demand for the airline's services. RYAAY operated more than 73,750 flights in November 2024.
To meet the upbeat demand, Ryanair expects its traffic view to grow 8% on a year-over-year basis for fiscal 2025, subject to no worsening of current Boeing delivery delays.
CPA’s Zacks Rank & Price Performance
CPA currently carries a Zacks Rank #3 (Hold).
Shares of CPA have gained 2.8% over the past three months compared with 9.4% growth of the Zacks Airline industry.
Three-Month Price Comparison
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks from the Zacks Transportation sector are Expeditors International of Washington, Inc. (EXPD - Free Report) and Wabtec Corporation (WAB - Free Report) . Each stock presently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
EXPD has an impressive earnings surprise history. The company's earnings outpaced the Zacks Consensus Estimate in two of the trailing four quarters (missed the mark in the remaining quarter and met in the other quarter), delivering an average surprise of 4.75%.
The Zacks Consensus Estimate for EXPD’s 2024 earnings has been revised 6.4% upward over the past 90 days. EXPD has an expected earnings growth rate of 8.38% for 2024. Shares of EXPD have lost 4.5% so far this year.
WAB has an impressive earnings surprise history. The company's earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters (missed the mark in the remaining quarter), delivering an average surprise of 9.46%.
The Zacks Consensus Estimate for WAB’s 2024 earnings has been revised 2.5% upward over the past 90 days. WAB has an expected earnings growth rate of 28.55% for 2024. Shares of WAB have gained 57.4% so far this year.