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Stock market bets on high flying Copa Airlines


Posted 13/12/2021

The market is betting on the Copa Airlines tailwinds as the Panama-based carrier approaches pre- pandemic passenger levels.

The November traffic report shows that the monthly data is 17.3% lower when compared to the same month of 2019. This percentage refers to the RPM (seat miles with income), which is a measure of the air transport industry showing the number of miles traveled by passengers who purchased an air ticket.

Regarding the load factor, it reached 84.5% in November, while two years ago it closed at 85.5%. When comparing the information with November 2020, an increase of 226% stands out, since last year the airline did not make commercial flights, from the end of March to October 11, due to the prohibition decreed by the Government to prevent the spread of  covid-19.

The recovery of traffic experienced by Copa Airlines has caught the attention of Wall Street specialists, according to the stock market analysis firm Sacks, which maintains a “buy” recommendation on the shares of Copa Holdings, the airline group that owns the airline's securities. which has its operations center at the Tocumen International Airport.

In a report published this week, Zacks indicated that the consensus among New York analysts is that Copa Holdings' share price could rise as much as 29% in the coming days.

The share will begin this week with a price of $77 and if the market projection is fulfilled, it could exceed $100 in a few days, although the most optimistic analysts do not rule out that it will reach $111, which would represent an advance of more than 40%.

"This view is reinforced by the agreement among analysts that the company will report better earnings than previously estimated," says Zacks.

Copa Holdings reported revenues of $445 million in the third quarter of 2021, an increase of 46.3% compared to the previous quarter. The company posted a net profit of $8.2 million, which contrasts with a loss of $16 million in the second quarter of this year.


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Copa Airlines leads on punctuality for 8th year


Posted 18/01/2022

Copa Airlines has been recognized by Cirium, a leading aviation data analysis company, as "The Most Punctual Airline in Latin America" for the eighth

consecutive year, registering a punctuality rate of 90.25%, in a total of 44,126 flights in 2021.

“The punctuality and safety of the crew and passengers are two of the main differentiating elements of Copa Airlines, which, with this distinction, maintains its position as the only airline in the world to lead a region for so many consecutive years said Pedro Heilbron, CEO of Copa.

Despite the restrictions and obstacles imposed by the pandemic, Copa Airlines is gradually recovering, aiming to reach 2022 close to 90% of the traffic it maintained in 2019.

Currently, the airline has a total of 72 active aircraft and operates an average of 275 daily flights through the Hub of the Americas, the hub with the

most international flights in the region. Located at the Tocumen International Airport in Panama City, the hub is one of the top 10 airports in the world

according to ForwardKeys data, from which Copa Airlines connects to more than 70 cities in 30 countries in North, Central, and South America.


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Copa Cargo introduces  new plane after record year


Posted 25/04/2022

Growing demand has led the Copa company to introduce to Copa Airlines Cargo, an aircraft with the capacity to transport 21.7 tons per flight, thus expanding its operations and enhancing the region's connectivity in the area.

“Due to the growing demand in the region, Copa Airlines has seen the opportunity to expand Copa Airlines Cargo services and deepen our participation in this competitive market, taking advantage of the advantages offered by the 'Hub of the Americas', located in the Tocumen International Airport in Panama City," said Copa Airlines' senior cargo and courier director, Jaime Álvarez. The company incorporates into the Copa Airlines Cargo service an exclusive cargo aircraft model Boeing 737-800BCF with the capacity to transport 21.7 tons per flight, with which it is projected to "increase the kilos transported by 50% versus 2021 ", a record year with 30,000 tons transported, the company said.

Álvarez explained, "it is a plane from the Copa family converted into a freighter by Boeing itself, with the latest technology, for a freighter plane." The aircraft registration began operations on March 28 with weekly flights to Central America, Santo Domingo, and Havana, the company said. It is being evaluated soon to operate to other potential destinations that are part of the more than 70 of Copa Airlines' commercial passenger routes.


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