Copa Holdings Sa - CPA STOCK NEWS

Copa Holdings, S.A. (NYSE: CPA) announced the schedule for its Second Quarter 2022 Earnings Release, set for August 3, 2022, after the US market closes. The accompanying earnings conference call is scheduled for August 4, 2022, at 11:00 AM ET, featuring CEO Pedro Heilbron and CFO José Montero. Investors can join the call via phone or listen to the webcast. The company remains a key player in the Latin American airline industry, providing extensive passenger and cargo services across the region.

Copa Holdings, S.A. (NYSE: CPA) reported preliminary passenger traffic statistics for May 2022, showing a 3.7% decrease in consolidated capacity (ASMs) compared to May 2019, alongside a 4.2% decline in passenger traffic (RPMs). The company achieved a load factor of 85.7%, slightly below the 86.1% recorded in May 2019. These results reflect ongoing recovery challenges following the irregular operations since March 2020 due to the Covid-19 pandemic.

Copa Holdings (CPA) reported 1Q22 financials, showing a net profit of US$19.8 million or US$0.47 per share, down from US$89.4 million or US$2.11 in 1Q19. Excluding special items, profit would be US$29.5 million or US$0.70 per share. Revenue reached US$571.6 million, 85% of 1Q19 revenue, with passenger revenue at 83.4%. Operating profit was US$44.8 million with a 7.8% margin, compared to US$112.9 million in 1Q19. Cash and investments totaled US$1.2 billion, covering 65% of annual revenues.

Copa Holdings, S.A. (NYSE: CPA) reported preliminary passenger traffic statistics for April 2022. Consolidated available seat miles (ASMs) were down 4.8% versus April 2019, while revenue passenger miles (RPMs) fell by 3.9%. The company achieved a load factor of 84.9%, slightly up from 84.1% in April 2019. These figures reflect ongoing impacts from the Covid-19 pandemic and illustrate the company's current operational status. Copa Holdings continues to serve North, Central, and South America, as well as the Caribbean.

Copa Holdings, S.A. (NYSE: CPA) reported preliminary passenger traffic statistics for March 2022. Consolidated capacity (ASM) was down 8.4% compared to March 2019, while passenger traffic (RPM) decreased by 6.8%. The load factor improved to 84.8%, up from 83.3% in March 2019. This data reflects the ongoing impact of the Covid-19 pandemic on operations, with comparisons to 2019 statistics to track recovery. Copa provides extensive passenger and cargo services throughout the Americas and the Caribbean.

Copa Holdings, S.A. (NYSE: CPA) will release its First Quarter 2022 earnings on May 11, 2022, after the US market closes. The earnings conference call is scheduled for May 12, 2022, at 11:00 AM US ET. Interested parties can join via telephone or webcast. The company operates passenger and cargo services across North, Central, and South America and the Caribbean. For further details, visit their website.

Copa Holdings, S.A. (NYSE: CPA) has filed its annual report Form 20-F for the fiscal year ending December 31, 2021, with the U.S. Securities and Exchange Commission. The report is available on Copa's investor relations website, allowing shareholders to request a hard copy, including audited financial statements, free of charge. Copa Holdings is recognized as a leading Latin American provider of passenger and cargo services across North, Central, and South America, as well as the Caribbean.

Copa Holdings, S.A. (NYSE: CPA) reported preliminary passenger traffic statistics for February 2022, revealing a 9.8% decline in consolidated capacity (available seat miles) compared to February 2019. Additionally, revenue passenger miles dropped by 13.0%, resulting in a load factor of 80.7%, down 2.9 percentage points from the same month in 2019. The company continues to use 2019 as a benchmark due to operational irregularities caused by the Covid-19 pandemic since March 2020.

Copa Holdings, S.A. (NYSE: CPA) reported preliminary passenger traffic statistics for January 2022. Consolidated capacity (ASMs) was down 18.0% compared to January 2019. Revenue passenger miles (RPMs) also decreased by 22.0%, leading to a load factor of 79.0%, which is a decline of 4.0 percentage points from 83.0% in January 2019. The company continues to compare figures against pre-pandemic statistics due to ongoing impacts of the Covid-19 pandemic on operations.