Demand And EarningsU.S. legacy airline earnings commentary has pointed to long-haul Latin America demand strength, which is beneficial for Copa.
Free Cash Flow And Financial StrategyImproving MAX delivery trends at Boeing should bode well for Copa, with forecasts calling for strong FCF and levered FCF generation despite planned capex and debt repayments.
Market CompetitionCompetitive capacity growth in Copa’s markets has moderated, and Avianca’s aggressive growth appears to be decelerating most notably, which is favorable for Copa.