Copa Holdings Sa Stock Price, News & Analysis

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.

Copa Holdings, S.A. (NYSE: CPA) reported a net profit of US$114.4 million or US$2.69 per share for 4Q21, with an operating profit of US$155.0 million. Excluding special items, the adjusted net profit was US$84.1 million or US$1.98 per share. Total revenues reached US$575.0 million, with passenger revenues at 82.2% of 4Q19 levels. The company maintained US$1.5 billion in liquidity. For FY21, net profit was US$39.9 million, down from US$247 million in FY19, showing ongoing pandemic impacts on overall performance.

Copa Holdings (NYSE: CPA) reported December 2021 passenger traffic metrics, revealing a decrease in capacity and traffic compared to December 2019. Available Seat Miles (ASMs) fell by 11.8% to 1,873.1 million, and Revenue Passenger Miles (RPMs) decreased by 13.5% to 1,569.6 million. The load factor for December was 83.8%, down 1.6 percentage points compared to 2019. The company continues to navigate the impacts of the Covid-19 pandemic.

Copa Holdings, S.A. (NYSE: CPA) has announced its Fourth Quarter 2021 Earnings Release scheduled for February 9, 2022, after US market close. A conference call will follow on February 10, 2022, at 11:00 AM US ET, featuring CEO Pedro Heilbron and CFO José Montero. The call is accessible via webcast to mitigate potential connection issues due to high call volumes during the pandemic. Investors are encouraged to join early to ensure participation.

Copa Holdings released preliminary passenger traffic statistics for November 2021, showing a 16.3% decline in capacity (ASM) compared to November 2019 at 1,664.7 million. Passenger traffic (RPM) also dropped by 17.3%, totaling 1,407.2 million, which resulted in a load factor of 84.5%, down 1.0 percentage point from 85.5% in 2019.

Copa Holdings continues to navigate challenges stemming from the Covid-19 pandemic, comparing future statistics to 2019 data.

DXC Technology has secured a multiyear renewal agreement with Copa Airlines to modernize its legacy Passenger Service System (PSS) by migrating it to the public cloud. This transition, supported by Microsoft, aims to enhance Copa's digital transformation, providing a scalable and efficient IT platform without disrupting business operations. The project promises a nearly 99.5% automated migration rate and aims to significantly improve integration and reduce costs. Copa Airlines is recognized for its excellent service and punctuality across Latin America.

Copa Holdings, S.A. (NYSE: CPA) reported a net profit of US$8.2 million for 3Q21, equating to US$0.19 per share. Excluding special items, the adjusted net profit rose to US$29.9 million or US$0.70 per share. The operating profit was US$59.0 million with a 13.3% operating margin. Total revenue passengers carried dropped by 32.6% compared to 3Q19. Liquidity remains strong at US$1.6 billion, while operating costs per available seat mile decreased by 12.4%. The company announced plans for three new destinations starting December 2021, enhancing its growth prospects.

Copa Holdings, S.A. (NYSE: CPA) reported its preliminary passenger traffic statistics for October 2021, indicating a continued impact from the COVID-19 pandemic. Consolidated capacity (ASMs) decreased by 22.8% compared to October 2019, and passenger traffic (RPMs) fell by 25.4%. The load factor stood at 82.0%, down 2.9 percentage points from 2019. The company resumed comparing stats with pre-pandemic figures starting March 2020, emphasizing ongoing operational challenges in the airline industry.