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Copa Holdings (CPA) reported earnings 30 days ago. What's next for the stock?
Weakness pertaining to passenger yield and cargo revenues are hurting Copa Holdings' (CPA) prospects.
Copa Holdings (CPA) reports a load factor of 87.6% in July 2024.
PANAMA CITY , Aug. 12, 2024 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA) today released preliminary passenger traffic statistics for July 2024: Operating Data July 2024 July 2023 % Change Copa Holdings (Consolidated) ASM (mm) (1) 2,684.7 2,412.4 11.3 % RPM (mm) (2) 2,350.8 2,147.2 9.5 % Load Factor (3) 87.6 % 89.0 % -1.4 p.p.
Copa Holdings (CPA) load factor increases 0.7 percentage points to 86.8% in the second quarter of 2024.
The headline numbers for Copa Holdings (CPA) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Copa Holdings (CPA) came out with quarterly earnings of $2.88 per share, beating the Zacks Consensus Estimate of $2.77 per share. This compares to earnings of $3.92 per share a year ago.
PANAMA CITY , Aug. 7, 2024 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA), today announced financial results for the second quarter of 2024 (2Q24).
Get a deeper insight into the potential performance of Copa Holdings (CPA) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
The Global airline industry is struggling despite high travel trends and strong consumer spending. I see shares of Copa Holdings as undervalued with high free cash flow, strong earnings, and attractive dividend yield. But the chart shows a bearish trend, with key support at $78 and resistance near $100.