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Copa Holdings' (CPA) February Traffic & Load Factor Rise
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Shares of Copa Holdings, S.A. (CPA - Free Report) gained 1.9% at the close of business on Mar 13, following the release of its impressive traffic statistics for February. Traffic, measured in revenue passenger miles (RPMs), was 1.63 billion, up 10.6% from the year-ago figure.
On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) improved 7.7% to 1.96 billion. Load factor (% of seats filled by passengers) also expanded 210 basis points (bps) to 83.1% in February as traffic growth outpaced capacity.
In the first two months of 2018, the carrier generated RPMs of 3.45 billion (up 8% year over year) and ASMs of 4.13 billion (up 6.5%). Load factor registered a rise of 120 bps year over year to 83.6% during the period.
Last month, the company reported fourth-quarter earnings numbers. The carrier performed well, outperforming revenues and earnings estimates. Moreover, the bottom line surged 66.2% year over year. Also, quarterly revenues improved 12.4% on a year-over-year basis. High passenger revenues bolstered the top line.
Zacks Rank & Key Picks
Copa Holdings carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the airline space are International Consolidated Airlines Group SA (ICAGY - Free Report) , American Airlines Group, Inc. (AAL - Free Report) and Delta Air Lines, Inc. (DAL - Free Report) . While International Consolidated Airlines sports a Zacks Rank #1 (Strong Buy), American Airlines and Delta Air Lines carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of International Consolidated Airlines, American Airlines and Delta Air Lines rallied more than 28%, 36% and 22%, respectively, in a year.
Breaking News: Cryptocurrencies Now Bigger than Visa
The total market cap of all cryptos recently surpassed $700 billion – more than a 3,800% increase in the previous 12 months. They’re now bigger than Morgan Stanley, Goldman Sachs and even Visa! The new asset class may expand even more rapidly in 2018 as new investors continue pouring in and Wall Street becomes increasingly involved.
Zacks has just named 4 companies that enable investors to take advantage of the explosive growth of cryptocurrencies via the stock market.
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Copa Holdings' (CPA) February Traffic & Load Factor Rise
Shares of Copa Holdings, S.A. (CPA - Free Report) gained 1.9% at the close of business on Mar 13, following the release of its impressive traffic statistics for February. Traffic, measured in revenue passenger miles (RPMs), was 1.63 billion, up 10.6% from the year-ago figure.
On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) improved 7.7% to 1.96 billion. Load factor (% of seats filled by passengers) also expanded 210 basis points (bps) to 83.1% in February as traffic growth outpaced capacity.
In the first two months of 2018, the carrier generated RPMs of 3.45 billion (up 8% year over year) and ASMs of 4.13 billion (up 6.5%). Load factor registered a rise of 120 bps year over year to 83.6% during the period.
Copa Holdings, S.A. Price
Copa Holdings, S.A. Price | Copa Holdings, S.A. Quote
Last month, the company reported fourth-quarter earnings numbers. The carrier performed well, outperforming revenues and earnings estimates. Moreover, the bottom line surged 66.2% year over year. Also, quarterly revenues improved 12.4% on a year-over-year basis. High passenger revenues bolstered the top line.
Zacks Rank & Key Picks
Copa Holdings carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the airline space are International Consolidated Airlines Group SA (ICAGY - Free Report) , American Airlines Group, Inc. (AAL - Free Report) and Delta Air Lines, Inc. (DAL - Free Report) . While International Consolidated Airlines sports a Zacks Rank #1 (Strong Buy), American Airlines and Delta Air Lines carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of International Consolidated Airlines, American Airlines and Delta Air Lines rallied more than 28%, 36% and 22%, respectively, in a year.
Breaking News: Cryptocurrencies Now Bigger than Visa
The total market cap of all cryptos recently surpassed $700 billion – more than a 3,800% increase in the previous 12 months. They’re now bigger than Morgan Stanley, Goldman Sachs and even Visa! The new asset class may expand even more rapidly in 2018 as new investors continue pouring in and Wall Street becomes increasingly involved.
Zacks has just named 4 companies that enable investors to take advantage of the explosive growth of cryptocurrencies via the stock market.
Click here to access these stocks. >>