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Copa Holdings, S.A. (NYSE: CPA) provides essential air transportation services across the Americas through its Copa Airlines and Copa Airlines Colombia subsidiaries. This news hub offers investors and industry professionals direct access to official updates and market-moving developments.
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Copa Holdings, S.A. (NYSE: CPA) announced the schedule for its upcoming third-quarter 2021 earnings release and conference call. The earnings release will be available on November 17, 2021, after the US market close. The earnings conference call will take place on November 18, 2021, at 11:00 AM US ET. Key executives, including CEO Pedro Heilbron and CFO José Montero, will speak during the call. A webcast will be available for listeners, and a replay option will follow shortly after. For more details, visit the company website.
Copa Holdings (NYSE: CPA) released preliminary passenger traffic statistics for September 2021, highlighting a 25.8% decrease in consolidated capacity (ASMs) compared to September 2019 and a 30.5% decline in passenger traffic (RPMs). The load factor stood at 79.5%, down 5.4 percentage points from 2019 levels. The comparisons to 2019 are a result of the impact of the Covid-19 pandemic on operations since March 2020. Copa Holdings serves North, Central, and South America as well as the Caribbean.
Copa Holdings, S.A. (NYSE: CPA) released preliminary passenger traffic statistics for August 2021, showing a notable decline in performance compared to August 2019. Consolidated capacity (ASMs) decreased by 30.6%, and passenger traffic (RPMs) fell by 35.2%. The load factor stood at 79.6%, down 5.7 percentage points from 85.3% in 2019. These figures reflect ongoing impacts from the Covid-19 pandemic, with comparisons being made to pre-pandemic levels since March 2020.
Copa Holdings (NYSE: CPA) announced its preliminary passenger traffic statistics for July 2021, reporting a 36.4% decrease in available seat miles (ASM) compared to July 2019, totaling 1,441.5 million. Revenue passenger miles (RPM) dropped 42.1% to 1,135.7 million, resulting in a load factor of 78.8%, down 7.8 percentage points from 2019. The comparison to 2019 is due to operational disruptions from the Covid-19 pandemic starting March 2020. For further insights, visit www.copa.com.
Copa Holdings reported a net profit of $28.1 million, or $0.66 per share, for 2Q21, despite a net loss of $16.2 million excluding special items. The operating profit stood at $8.7 million, while cash accretion averaged $21 million monthly. The Company ended the quarter with liquidity of $1.6 billion and total debt of $1.6 billion. Revenue passengers carried were down 53.9%, and the operating revenues fell by 52.8% compared to 2Q19. On-time performance remained strong at 92.1%, highlighting operational efficiency.
Copa Holdings, S.A. (NYSE: CPA) reported its preliminary passenger traffic statistics for June 2021, showing a significant decline compared to pre-pandemic levels. Consolidated capacity measured in available seat miles (ASMs) was down 41.4% from June 2019, while revenue passenger miles (RPMs) decreased by 45.6%. The load factor stood at 78.9%, a decline of 6.2 percentage points from the same month in 2019. These figures reflect the continuing impact of the Covid-19 pandemic on the airline’s operations.
Copa Holdings (NYSE: CPA) announced the schedule for its Second Quarter 2021 Earnings Release, set for August 4, 2021, after US market close. A conference call will follow on August 5, at 11:00 AM US ET. Investors are encouraged to join via webcast due to high call volumes from teleconference providers. The company operates passenger and cargo services to 80 destinations in 33 countries across the Americas and the Caribbean. More details are available on their website.
Copa Holdings, S.A. (NYSE: CPA) reported preliminary passenger traffic statistics for May 2021, revealing a significant decline compared to pre-pandemic levels. Capacity decreased by 53.4%, while passenger traffic fell by 58.0%, resulting in a load factor of 77.6%, down from 86.1% in May 2019. The company emphasized the impact of the Covid-19 pandemic on operations and plans to benchmark future reports against 2019 data. Copa Holdings continues to serve 80 destinations across 33 countries in the Americas and Caribbean.
Copa Holdings (NYSE: CPA) reported preliminary passenger traffic statistics for April 2021. The company's Available Seat Miles (ASMs) fell by 61.9% compared to April 2019, totaling 768.0 million. Revenue Passenger Miles (RPMs) decreased by 67.0%, reaching 559.4 million, resulting in a load factor of 72.8%, down 11.3 percentage points from 2019. These declines reflect ongoing impacts from the Covid-19 pandemic on operations.
Copa Holdings, S.A. (NYSE: CPA) reported a net loss of US$110.7 million for 1Q21, equating to US$2.60 per share. Excluding special items, the adjusted loss stands at US$95.1 million or US$2.23 per share. The operating loss reached US$77.1 million, with an average cash consumption of US$23 million per month. The company ended the quarter with US$1.5 billion in liquidity. Flight operations peaked at 39% of pre-pandemic levels (1Q19), with an operating revenue decrease of 68.8% year-over-year.
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