Copa Holdings reported an 8.4% increase in capacity and 6.8% rise in passenger traffic for November 2024.
Quiver AI Summary
Copa Holdings, S.A. reported preliminary passenger traffic statistics for November 2024, indicating an 8.4% increase in available seat miles (ASMs) compared to the same month in 2023, with a total of 2,524.1 million ASMs. Revenue passenger miles (RPMs) also rose by 6.8%, reaching 2,173.5 million. However, the system-wide load factor decreased by 1.3 percentage points, settling at 86.1%. The company continues to be a prominent provider of passenger and cargo services across North, Central, and South America and the Caribbean. For further details, Copa Airlines can be reached via their website.
Potential Positives
- Copa Holdings experienced an 8.4% increase in capacity (Available Seat Miles) compared to November 2023, indicating strong growth in operational capacity.
- The company reported a 6.8% increase in system-wide passenger traffic (Revenue Passenger Miles), showcasing an upward trend in passenger demand.
- The passenger load factor remains strong at 86.1%, indicating effective utilization of seating capacity despite a slight decrease from the previous year.
Potential Negatives
- While Copa Holdings reported an increase in capacity and passenger traffic, the load factor decreased by 1.3 percentage points compared to the previous year, indicating a potential inefficiency in capacity utilization.
FAQ
What are Copa Holdings' passenger traffic statistics for November 2024?
Copa Holdings reported a 6.8% increase in revenue passenger miles and an 8.4% increase in available seat miles in November 2024.
How has Copa Holdings' load factor changed in November 2024?
The load factor for November 2024 was 86.1%, a decrease of 1.3 percentage points compared to November 2023.
What factors contribute to Copa Holdings' operating data?
Key factors include available seat miles, revenue passenger miles, and overall load factor which indicate operational efficiency.
Which regions does Copa Holdings serve?
Copa Holdings provides passenger and cargo services throughout North, Central, and South America, as well as the Caribbean.
Where can I find more information about Copa Holdings?
For more details, visit Copa Holdings' official website at www.copaair.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$CPA Hedge Fund Activity
We have seen 95 institutional investors add shares of $CPA stock to their portfolio, and 137 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CARRHAE CAPITAL LLP added 555,900 shares (+inf%) to their portfolio in Q3 2024
- SCHONFELD STRATEGIC ADVISORS LLC removed 455,382 shares (-100.0%) from their portfolio in Q3 2024
- MILLENNIUM MANAGEMENT LLC removed 433,670 shares (-89.9%) from their portfolio in Q3 2024
- WISHBONE MANAGEMENT, LP added 420,000 shares (+inf%) to their portfolio in Q3 2024
- VONTOBEL HOLDING LTD. added 413,322 shares (+7848.9%) to their portfolio in Q3 2024
- SAMLYN CAPITAL, LLC removed 373,374 shares (-100.0%) from their portfolio in Q2 2024
- CITADEL ADVISORS LLC removed 237,888 shares (-34.3%) from their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
PANAMA CITY, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Copa Holdings, S.A. (NYSE: CPA) today released preliminary passenger traffic statistics for November 2024:
| Operating Data |
November
2024 |
November
2023 |
% Change | |||
| Copa Holdings (Consolidated) | ||||||
| ASM (mm) (1) | 2,524.1 | 2,327.4 | 8.4 | % | ||
| RPM (mm) (2) | 2,173.5 | 2,034.5 | 6.8 | % | ||
| Load Factor (3) | 86.1 | % | 87.4 | % | -1.3 p.p. | |
- Available seat miles - represents the aircraft seating capacity multiplied by the number of miles the seats are flown.
- Revenue passenger miles - represents the number of miles flown by revenue passengers
-
Load factor - represents the percentage of aircraft seating capacity that is actually utilized
For November 2024, Copa Holdings' capacity (ASMs) increased by 8.4%, while system-wide passenger traffic (RPMs) increased by 6.8%, compared to 2023. As a result, the system load factor for the month was 86.1%, 1.3 percentage points lower than in November 2023.
Copa Holdings is a leading Latin American provider of passenger and cargo services. The Company, through its operating subsidiaries, provides service to countries in North, Central, and South America and the Caribbean. For more information visit www.copaair.com .
CPA-G
CONTACT:
Daniel Tapia – Panamá
Director – Investor Relations
011 (507) 304-2774
