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Copa Holdings' (CPA) Traffic & Load Factor Up in February

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Copa Holdings, S.A. (CPA - Free Report) reported traffic figures for February. Traffic, measured in revenue passenger miles (RPMs), inched up 0.7% to 1.64 billion in the month.

On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) remained flat year over year at 1.96 billion. Thus, with higher traffic growth and capacity expansion registering no change, load factor (% of seats filled by passengers) improved 60 basis points (bps) to 83.6%.

In the first two months of 2019, the carrier generated RPMs of 3.57 billion (up 3.6% year over year) and ASMs of 4.29 billion (up 3.9%). Load factor contracted 30 bps year over year to 83.3% during the period.

Price Performance

Shares of Copa Holdings have gained more than 4% in the past six months against the industry’s 9.2% decline.


The company is being aided by impressive demand for air travel on the back of an improving Latin American economy. Strong growth in passenger revenues has been benefiting the company’s top line. Evidently, passenger revenues rose 5.9% year over year in 2018 and accounted for bulk (96.6%) of the top line.

Zacks Rank & Key Picks

Copa Holdings carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the same space are Azul (AZUL - Free Report) , Air China Ltd. (AIRYY - Free Report) and SkyWest, Inc. (SKYW - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Shares of Azul, Air China and SkyWest have rallied more than 16%, 21% and 15%, respectively, on a year-to-date basis.

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