Advertisement
Canada markets closed

  • S&P/TSX

    21,969.24
    +83.86 (+0.38%)
     

  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     

  • DOW

    38,239.66
    +153.86 (+0.40%)
     

  • CAD/USD

    0.7317
    -0.0006 (-0.09%)
     

  • CRUDE OIL

    83.69
    +0.12 (+0.14%)
     

  • Bitcoin CAD

    87,521.47
    -807.33 (-0.91%)
     

  • CMC Crypto 200

    1,330.58
    -65.95 (-4.72%)
     

  • GOLD FUTURES

    2,350.90
    +8.40 (+0.36%)
     

  • RUSSELL 2000

    2,002.00
    +20.88 (+1.05%)
     

  • 10-Yr Bond

    4.6690
    -0.0370 (-0.79%)
     

  • NASDAQ

    15,927.90
    +316.14 (+2.03%)
     

  • VOLATILITY

    15.07
    -0.30 (-1.95%)
     

  • FTSE

    8,139.83
    +60.97 (+0.75%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • CAD/EUR

    0.6838
    +0.0017 (+0.25%)
     
MARKETS LIVE BLOG:

STOCKS RISE, LED BY STELLAR ALPHABET, MICROSOFT RESULTS

Chevron, Exxon under pressure as falling natural gas prices hit earnings

Copa Holdings (CPA) October Traffic Up, Load Factor Down

Zacks Equity Research
Updated

Copa Holdings, S.A. CPA reported traffic figures for October. Traffic, measured in revenue passenger miles (RPMs), was 1.75 billion, up 2.7% from the year-ago figure.

On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) increased 6.2% to 2.14 billion. However, load factor (% of seats filled by passengers) contracted 280 basis points (bps) to 82% in the month as traffic growth was outstripped by capacity expansion.
 
In the first 10 months of 2018, the carrier generated RPMs of 17.95 billion (up 8.5% year over year) and ASMs of 21.51 billion (up 8.4%). Load factor registered a rise of 10 bps year over year to 83.4% during the period.

The company recently released third-quarter 2018 financial results posting lower-than-expected earnings. Moreover, the bottom line plunged significantly year over year. Quarterly revenues, though increased more than 2% year over year, fell shy of the Zacks Consensus Estimate. Results were hurt by high fuel prices and weakening Brazilian and Argentinian currencies. (Read more: Copa Holdings Q3 Earnings & Revenues Miss on Cost Woes)

Copa Holdings, S.A. Price

 

Copa Holdings, S.A. Price | Copa Holdings, S.A. Quote

ADVERTISEMENT


Zacks Rank & Key Picks

Copa Holdings carries a Zacks Rank #4 (Sell).

Some better-ranked stocks in the airline space are Air France-KLM SA AFLYY, International Consolidated Airlines Group SA ICAGY and Spirit Airlines, Inc. SAVE, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Shares of Air France-KLM and Spirit Airlines have surged more than 33% and 43%, respectively, in the past six months. Meanwhile the International Consolidated Airlines stock has gained more than 6% in a month.

Today's Stocks from Zacks' Hottest Strategies

It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.

And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.

See Them Free>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Copa Holdings, S.A. (CPA) : Free Stock Analysis Report
 
Spirit Airlines, Inc. (SAVE) : Free Stock Analysis Report
 
International Consolidated Airlines Group SA (ICAGY) : Free Stock Analysis Report
 
Air France-KLM SA (AFLYY) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research