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Copa Holdings (CPA)
NYSE:CPA
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
3.92Last Year’s EPS
4.19Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 12, 2025
|% Change Since: 7.43%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
Copa Holdings demonstrated strong operational and financial performance with impressive operating margins and capacity growth, despite facing challenges such as decreased unit revenues due to currency fluctuations and increased industry capacity. The company maintained a solid financial position and continued to provide value to shareholders. Recognition for operational excellence further underscores its leadership in the region.Company Guidance
During Copa Holdings' fourth quarter earnings call for fiscal year 2024, the company reported a strong financial performance with an operating margin of 21.9% for the year. The fourth quarter saw an operating margin of 23.3%, despite challenges such as the grounding of the 737 MAX 9 fleet and flight cancellations between Panama and Venezuela. Capacity increased by 7.2% year-over-year for the quarter and 8.6% for the full year. However, unit revenues (RASM) decreased by 10.4% in Q4 and 8.2% for the year, mainly due to a 10.8% yield reduction influenced by weaker Latin American currencies and increased industry capacity. Unit costs excluding fuel (CASM ex-fuel) improved by 2.6% in Q4 and 3% for the year, achieving the full-year CASM ex-fuel target one year ahead of schedule. Copa was recognized for its on-time performance of 88.2%, the highest in the Americas, and has been awarded as the best airline in Central America and the Caribbean by Skytrax. Looking ahead to 2025, Copa anticipates a capacity growth of 7% to 8% and aims to maintain consistent unit costs, projecting an operating margin between 20% to 22%.Strong Operating Margins
Achieved an operating margin of 21.9% for the full year 2024, with a Q4 operating margin of 23.3%, demonstrating effective cost management and operational efficiency.
Capacity and Fleet Expansion
Increased capacity by 8.6% for the full year 2024, with plans to receive 13 additional 737 MAX 8s and 1 Boeing 737-800 freighter in 2025, expanding the fleet to 126 aircraft.
Recognition for Operational Excellence
Copa was recognized by Cirium for the tenth time as the most on-time airline in Latin America with an on-time performance of 88.2% in 2024, and by Skytrax as the best airline in Central America and the Caribbean for the ninth consecutive year.
Strong Financial Position
Ended the year with over $1.4 billion in cash and investments, representing 42% of the last twelve-month revenues, and maintained a low adjusted net debt to EBITDA ratio of 0.5 times.
Shareholder Returns
Announced a quarterly dividend payment of $1.61 per share for 2025 and executed $87 million of a $200 million share repurchase program in 2024.
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CPA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CPA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 12, 2025 | $91.27 | $94.80 | +3.87% |
| Nov 20, 2024 | $103.98 | $91.16 | -12.33% |
| Aug 07, 2024 | $80.12 | $84.46 | +5.42% |
| May 15, 2024 | $104.31 | $104.04 | -0.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Copa Holdings (CPA) report earnings?
Copa Holdings (CPA) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Copa Holdings (CPA) earnings time?
Copa Holdings (CPA) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CPA EPS forecast?
CPA EPS forecast for the fiscal quarter 2025 (Q1) is 3.92.
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