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Copa on Wall Street roll as pilots mull strike

Posted on May 1, 2017 in Panama

WHILE  OVER 1,000  pilots of Copa Airlines are considering strike action, the shares of Copa Holdings are riding high on the New York Stock Exchange  with a “buy” recommendation  from the financial consulting firm Sacks.

In its analysis, the firm said that “Copa Holdings shares gained 14.8% in three  months, above the S & P 500, which was 3.9%.

In the first quarter of the year, the airline carried 4.7 million passengers  an increase of 9.9% compared to the same period last year.

According to the Sacks  analysis, the earnings projections for 2017 up 3.2% only surpassed by the estimates for HDFC Bank Limited (HDB), which calculated its increase in earnings at 4%.

Copa Holdings shares closed the month of April at $ 116.41, an advance of 3.28%, after starting at $112.72 dollars.

While the company’s holdings remain strong on Wall Street, the company must achieve an agreement with the more than 1,000 pilots  affiliated to the Panamanian Union of Commercial Aviators to prevent a strike call materializing.

The pilots are asking  the company to recognize the time they spend preparing for flights, and for salary adjustments to be based on the years  apilot has served with the airline. 


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