Board Change • May 20
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 6 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Director Carlos Giraldo Moreno was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Declared Dividend • May 20
First quarter dividend of US$1.71 announced Shareholders will receive a dividend of US$1.71. Ex-date: 29th May 2026 Payment date: 15th June 2026 Dividend yield will be 5.4%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (38% earnings payout ratio) but not covered by cash flows (279% cash payout ratio). The dividend has increased by an average of 7.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • May 15
Copa Holdings, S.A. announces Quarterly dividend, payable on June 15, 2026 Copa Holdings, S.A. announced Quarterly dividend of USD 1.7100 per share payable on June 15, 2026, ex-date on May 29, 2026 and record date on May 29, 2026. Aankondiging • Apr 15
Copa Holdings, S.A. to Report Q1, 2026 Results on May 13, 2026 Copa Holdings, S.A. announced that they will report Q1, 2026 results After-Market on May 13, 2026 Aankondiging • Mar 25
Copa Holdings, S.A., Annual General Meeting, May 13, 2026 Copa Holdings, S.A., Annual General Meeting, May 13, 2026. Location: at boulevard costa del este, avenida principal y avenida de la rotonda, urbanizacion costa del este, complejo business park, torre norte, parque lefevre, panama Panama Aankondiging • Feb 12
Copa Holdings, S.A. Announces First Quarter Dividend Payment of 2026, Payable on March 13, 2026 On February 11, 2026, the Board of Directors of Copa Holdings approved a 2026 quarterly dividend payment of USD 1.71 per share. Dividends will be distributed in March, June, September, and December. The first quarterly dividend of USD 1.71 per share will be paid on March 13, 2026, to shareholders on record as of February 27, 2026. Aankondiging • Jan 09
Copa Holdings, S.A. to Report Q4, 2025 Results on Feb 11, 2026 Copa Holdings, S.A. announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Feb 11, 2026 Aankondiging • Nov 20
Copa Holdings, S.A. Announces Fourth Dividend Payment, Payable on December 15, 2025 On November 19, 2025, the Board of Directors of Copa Holdings, S.A. ratified the fourth dividend payment for this year of USD 1.61 per share. Dividends will be paid on December 15, 2025, to shareholders on record as of December 1, 2025. Aankondiging • Oct 08
Copa Holdings, S.A. to Report Q3, 2025 Results on Nov 19, 2025 Copa Holdings, S.A. announced that they will report Q3, 2025 results After-Market on Nov 19, 2025 Aankondiging • Aug 08
Copa Holdings, S.A. Provides Operating Guidance for the Full-Year 2025 Copa Holdings, S.A. provided operating guidance for the full-year 2025. For the period, the company continues to expect capacity growth within the range of 7% to 8%. Aankondiging • Aug 07
Copa Holdings, S.A. Ratifies Second Dividend Payment, Payable on September 15, 2025 On August 6, 2025, the Board of Directors of Copa Holdings ratified its second dividend payment for the year of USD 1.61 per share. Dividends will be paid on September 15, 2025, to shareholders of record as of August 29, 2025. Aankondiging • Jul 04
Copa Holdings, S.A. to Report Q2, 2025 Results on Aug 06, 2025 Copa Holdings, S.A. announced that they will report Q2, 2025 results After-Market on Aug 06, 2025 Aankondiging • May 08
Copa Holdings, S.A. Announces Second Dividend Payment, Payable on June 13, 2025 On May 7, 2025, the Board of Directors of Copa Holdings ratified its second dividend payment for the year of USD 1.61 per share. Dividends will be paid on June 13, 2025, to shareholders on record as of May 30, 2025. Aankondiging • Apr 09
Copa Holdings, S.A. to Report Q1, 2025 Results on May 07, 2025 Copa Holdings, S.A. announced that they will report Q1, 2025 results After-Market on May 07, 2025 Aankondiging • Mar 12
Copa Holdings, S.A., Annual General Meeting, May 07, 2025 Copa Holdings, S.A., Annual General Meeting, May 07, 2025. Location: at boulevard costa del este, avenida principal y avenida de la rotonda, urbanizacion costa del este, complejo business park, torre norte, parque lefevre, panama Panama Aankondiging • Jan 15
Copa Holdings, S.A. to Report Q4, 2024 Results on Feb 12, 2025 Copa Holdings, S.A. announced that they will report Q4, 2024 results After-Market on Feb 12, 2025 Aankondiging • Nov 22
Copa Holdings, S.A. Provides Operating Guidance for the Full-Year 2025 Copa Holdings, S.A. provided operating guidance for the full-year 2025. For the year, Company currently anticipates increasing its capacity by approximately 7% to 9% compared to 2024, with unit costs excluding fuel (Ex-Fuel CASM) projected to be around 5.8 cents. Aankondiging • Nov 21
Copa Holdings, S.A. Announces Third Dividend Payment of 2024 on All Class A and Class B Shareholders, Payable on December 13, 2024 Copa Holdings, S.A. announced it will make its third dividend payment of the year of USD 1.61 per share on December 13, 2024, to all Class A and Class B shareholders on record as of December 2, 2024. Upcoming Dividend • Aug 23
Upcoming dividend of US$1.61 per share Eligible shareholders must have bought the stock before 30 August 2024. Payment date: 13 September 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 7.2%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.9%). Aankondiging • Aug 09
Copa Holdings, S.A. Provides Operating Guidance for the Full-Year 2024 Copa Holdings, S.A. provided operating guidance for the full-year 2024. For 2024, the company capacity is expected to grow by approximately 9% to account for the temporary suspension of flights between Panama and Venezuela. Factored into this outlook is a load factor of approximately 86.5%; unit revenues (RASM) of 11.5 cents. Reported Earnings • Aug 08
Second quarter 2024 earnings released: EPS: US$2.89 (vs US$0.44 in 2Q 2023) Second quarter 2024 results: EPS: US$2.89 (up from US$0.44 in 2Q 2023). Revenue: US$819.4m (up 1.3% from 2Q 2023). Net income: US$120.3m (up US$102.7m from 2Q 2023). Profit margin: 15% (up from 2.2% in 2Q 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Aankondiging • Aug 08
Copa Holdings, S.A. to Make Its Third Dividend Payment of 2024 on September 13, 2024 to All Class A and Class B Shareholders Copa Holdings, S.A. will make its third dividend payment of 2024 of USD 1.61 per share on September 13, 2024, to all Class A and Class B shareholders on record as of August 30, 2024. Aankondiging • Jul 09
Copa Holdings, S.A. to Report Q2, 2024 Results on Aug 07, 2024 Copa Holdings, S.A. announced that they will report Q2, 2024 results After-Market on Aug 07, 2024 Declared Dividend • May 20
First quarter dividend of US$1.61 announced Shareholders will receive a dividend of US$1.61. Ex-date: 31st May 2024 Payment date: 14th June 2024 Dividend yield will be 4.7%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (13% earnings payout ratio) but not covered by cash flows (128% cash payout ratio). The dividend has increased by an average of 8.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 1.0% over the next 3 years. However, it would need to fall by 85% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • May 17
First quarter 2024 earnings released: EPS: US$5.73 (vs US$3.07 in 1Q 2023) First quarter 2024 results: EPS: US$5.73 (up from US$3.07 in 1Q 2023). Revenue: US$893.5m (up 3.0% from 1Q 2023). Net income: US$176.1m (up 45% from 1Q 2023). Profit margin: 20% (up from 14% in 1Q 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Apr 25
Now 22% undervalued The stock has been flat over the last 90 days, currently trading at €89.50. The fair value is estimated to be €115, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 54% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 7.0% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Buy Or Sell Opportunity • Apr 05
Now 21% undervalued Over the last 90 days, the stock has risen 1.7% to €91.50. The fair value is estimated to be €116, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 54% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 6.9% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Aankondiging • Apr 04
Copa Holdings, S.A. to Report Q1, 2024 Results on May 15, 2024 Copa Holdings, S.A. announced that they will report Q1, 2024 results at 4:00 PM, US Eastern Standard Time on May 15, 2024 Aankondiging • Mar 20
Copa Holdings, S.A., Annual General Meeting, May 15, 2024 Copa Holdings, S.A., Annual General Meeting, May 15, 2024, at 16:00 Eastern Daylight. Location: Boulevard Costa del Este, Avenida Principal y Avenida de la Rotonda, Urbanizaci n Costa del Este, Complejo Business Park, Torre Norte, Parque Lefevre Panama City Panama Agenda: To approve the nomination and further ratify the election of Mrs. Julianne Canavaggio, as per the recommendation of the Nominating Committee, as nominee for election as an independent director of the Company to hold office for a period of two years to expire on the annual meeting to be held in 2026; and to approve the Class B Shareholders of the Company, the election, as per the recommendation of the Nominating Committee, of the following directors including the independent directors named above Mr. Carlos Alberto Motta, Mr. Pedro Heilbron, Mr. Alvaro Heilbron, Mr. Andrew Levy, Mr. John Gebo, Mrs. Makelin Arias, and Mrs. Julianne Canavaggio for a period of two years to expire on the annual meeting to be held in 2026. Buy Or Sell Opportunity • Mar 15
Now 20% undervalued Over the last 90 days, the stock has risen 1.6% to €93.50. The fair value is estimated to be €117, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 54% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 6.9% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Buy Or Sell Opportunity • Feb 28
Now 22% undervalued Over the last 90 days, the stock has risen 9.1% to €90.00. The fair value is estimated to be €115, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 54% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 6.9% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Upcoming Dividend • Feb 21
Upcoming dividend of US$1.61 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 15 March 2024. Trailing yield: 6.5%. Within top quartile of German dividend payers (5.2%). Higher than average of industry peers (2.5%). Aankondiging • Feb 09
Copa Holdings, S.A. Provides Operating Guidance for the Year 2024 Copa Holdings, S.A. provided operating guidance for the year 2024. For 2024, the Company is providing the following outlook: Consolidated capacity is expected to grow by approximately 10% year over year, and operating margin is expected to come within a range of 21% to 23%. Factored into this outlook is a load factor within a range of 86% to 87%, unit revenues (RASM) of approximately 12.2 cents. Reported Earnings • Feb 08
Full year 2023 earnings released: EPS: US$12.27 (vs US$8.58 in FY 2022) Full year 2023 results: EPS: US$12.27 (up from US$8.58 in FY 2022). Revenue: US$3.46b (up 17% from FY 2022). Net income: US$518.2m (up 49% from FY 2022). Profit margin: 15% (up from 12% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 08
Copa Holdings, S.A. Approves Quarterly Dividend, Payable on March 15, 2024 On February 7, 2024, the Board of Directors of Copa Holdings, S.A. approved a 2024 quarterly dividend payment of USD 1.61 per share. Dividends will be distributed during March, June, September, and December. The first quarterly dividend of USD 1.61 per share will be paid on March 15, 2024, to shareholders on record as of February 29, 2024. Aankondiging • Jan 09
Copa Holdings, S.A. to Report Q4, 2023 Results on Feb 07, 2024 Copa Holdings, S.A. announced that they will report Q4, 2023 results After-Market on Feb 07, 2024 Upcoming Dividend • Nov 23
Upcoming dividend of US$0.82 per share at 3.5% yield Eligible shareholders must have bought the stock before 29 November 2023. Payment date: 15 December 2023. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (5.0%). Higher than average of industry peers (3.0%). Aankondiging • Nov 17
Copa Holdings, S.A. (NYSE:CPA) announces an Equity Buyback for $200 million worth of its shares. Copa Holdings SA (NYSE:CPA) announces a share repurchase program. Under the program, the company will repurchase up to $200 million worth of shares. Reported Earnings • Nov 17
Third quarter 2023 earnings released: EPS: US$4.75 (vs US$2.93 in 3Q 2022) Third quarter 2023 results: EPS: US$4.75 (up from US$2.93 in 3Q 2022). Revenue: US$867.7m (up 7.2% from 3Q 2022). Net income: US$187.4m (up 62% from 3Q 2022). Profit margin: 22% (up from 14% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Aankondiging • Nov 17
Copa Holdings, S.A. Announces Fourth Dividend Payment of the Year to All Class A and Class B ,Payable on December 15, 2023 Copa Holdings, S.A. will make its fourth dividend payment of the year of USD 0.82 per share on December 15, 2023, to all Class A and Class B shareholders on record as of November 30, 2023. Aankondiging • Oct 10
Copa Holdings, S.A. to Report Q3, 2023 Results on Nov 15, 2023 Copa Holdings, S.A. announced that they will report Q3, 2023 results After-Market on Nov 15, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of US$0.82 per share at 3.5% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 13 October 2023. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.0%). New Risk • Sep 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (8.0% increase in shares outstanding). Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: US$0.44 (vs US$3.01 in 2Q 2022) Second quarter 2023 results: EPS: US$0.44 (down from US$3.01 in 2Q 2022). Revenue: US$809.2m (up 17% from 2Q 2022). Net income: US$17.5m (down 86% from 2Q 2022). Profit margin: 2.2% (down from 18% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Aankondiging • Jul 12
Copa Holdings, S.A. to Report Q2, 2023 Results on Aug 09, 2023 Copa Holdings, S.A. announced that they will report Q2, 2023 results After-Market on Aug 09, 2023 Upcoming Dividend • May 23
Upcoming dividend of US$0.82 per share at 3.2% yield Eligible shareholders must have bought the stock before 30 May 2023. Payment date: 15 June 2023. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.7%). Reported Earnings • May 11
First quarter 2023 earnings released: EPS: US$3.07 (vs US$0.47 in 1Q 2022) First quarter 2023 results: EPS: US$3.07 (up from US$0.47 in 1Q 2022). Revenue: US$867.3m (up 52% from 1Q 2022). Net income: US$121.5m (up US$101.8m from 1Q 2022). Profit margin: 14% (up from 3.5% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 28
Upcoming dividend of US$0.82 per share at 3.7% yield Eligible shareholders must have bought the stock before 04 April 2023. Payment date: 20 April 2023. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.9%). Reported Earnings • Mar 27
Full year 2022 earnings released: EPS: US$8.58 (vs US$1.03 in FY 2021) Full year 2022 results: EPS: US$8.58 (up from US$1.03 in FY 2021). Revenue: US$2.97b (up 96% from FY 2021). Net income: US$348.1m (up US$304.2m from FY 2021). Profit margin: 12% (up from 2.9% in FY 2021). The increase in margin was driven by higher revenue. Available seat kilometres (ASK): 39.32b (up 64% from FY 2021). Passenger load factor: 85.1% (up from 78.6% in FY 2021). Operating revenue per available seat kilometre (Oper. RASK): US$0.075 (up from US$0.063 in FY 2021). Total aircraft: 97 (up by 9 from FY 2021). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 17
Full year 2022 earnings released: EPS: US$8.80 (vs US$1.03 in FY 2021) Full year 2022 results: EPS: US$8.80 (up from US$1.03 in FY 2021). Revenue: US$2.97b (up 96% from FY 2021). Net income: US$348.1m (up US$304.2m from FY 2021). Profit margin: 12% (up from 2.9% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Aankondiging • Jan 07
Copa Holdings, S.A. to Report Q4, 2022 Results on Feb 15, 2023 Copa Holdings, S.A. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 15, 2023 Aankondiging • Nov 19
Copa Holdings, S.A. Provides Operating Guidance for the Fourth Quarter of 2022 Copa Holdings, S.A. provided operating guidance for the fourth quarter of 2022. For the quarter, the company expects Factored into this outlook is a load factor of approximately 88%, Unit Revenues (RASM) of approximately 13.7 cents, unit costs excluding fuel (Ex-Fuel CASM) of approximately 6.0 cents, and an all-in fuel price of USD 3.75 per gallon. Reported Earnings • Nov 18
Third quarter 2022 earnings released: EPS: US$2.93 (vs US$0.19 in 3Q 2021) Third quarter 2022 results: EPS: US$2.93 (up from US$0.19 in 3Q 2021). Revenue: US$809.4m (up 82% from 3Q 2021). Net income: US$115.9m (up US$107.7m from 3Q 2021). Profit margin: 14% (up from 1.9% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 5 highly experienced directors. 4 independent directors (8 non-independent directors). Independent Non Executive Director Julianne Canavaggio was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Aankondiging • Oct 07
Copa Holdings, S.A. to Report Q3, 2022 Results on Nov 16, 2022 Copa Holdings, S.A. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 16, 2022 Reported Earnings • Aug 04
Second quarter 2022 earnings released: EPS: US$2.97 (vs US$0.66 in 2Q 2021) Second quarter 2022 results: EPS: US$2.97 (up from US$0.66 in 2Q 2021). Revenue: US$693.4m (up 128% from 2Q 2021). Net income: US$124.1m (up 342% from 2Q 2021). Profit margin: 18% (up from 9.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 28%, compared to a 85% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 12% per year. Aankondiging • Jul 07
Copa Holdings, S.A. to Report Q2, 2022 Results on Aug 03, 2022 Copa Holdings, S.A. announced that they will report Q2, 2022 results at 4:00 PM, US Eastern Standard Time on Aug 03, 2022 Aankondiging • May 18
Copa Holdings, S.A. Approves Election of Makelin Arias as Director Copa Holdings, S.A. at it's AGM hel on May 11th, 2022 Class B Shareholders approved election of Mrs. Makelin Arias as director for a period of 2 years to expire on the annual meeting to be held in 2024. Reported Earnings • May 13
First quarter 2022 earnings released: EPS: US$0.47 (vs US$2.60 loss in 1Q 2021) First quarter 2022 results: EPS: US$0.47 (up from US$2.60 loss in 1Q 2021). Revenue: US$571.6m (up 208% from 1Q 2021). Net income: US$19.8m (up US$130.5m from 1Q 2021). Profit margin: 3.5% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 42%, compared to a 157% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 5 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Non Executive Director Julianne Canavaggio was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Aankondiging • Apr 07
Copa Holdings, S.A. to Report Q1, 2022 Results on May 11, 2022 Copa Holdings, S.A. announced that they will report Q1, 2022 results After-Market on May 11, 2022 Reported Earnings • Apr 06
Full year 2021 earnings released: EPS: US$1.03 (vs US$14.28 loss in FY 2020) Full year 2021 results: EPS: US$1.03 (up from US$14.28 loss in FY 2020). Revenue: US$1.51b (up 89% from FY 2020). Net income: US$43.8m (up US$650.9m from FY 2020). Profit margin: 2.9% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Available seat kilometres (ASK): 24.03b (up 105% from FY 2020). Passenger load factor: 78.6% (down from 79.6% in FY 2020). Revenue per available seat kilometre (RASK): 6.3% (down from 6.8% in FY 2020). Total aircraft: 88 (up by 11 from FY 2020). Over the next year, revenue is forecast to grow 66%, compared to a 159% growth forecast for the airlines industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €59.00, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Airlines industry globally. Total loss to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €45.15 per share. Aankondiging • Feb 12
Copa Holdings, S.A. Provides Earnings Guidance for First Quarter of 2022 and Production Guidance Foe the Year 2022 Copa Holdings, S.A. provided earnings guidance for first quarter of 2022. Revenues of approximately 82% of First Quarter 2019 levels or approximately $550 million.The company expects full year 2022 capacity to be approximately 93% of 2019 ASMs. Reported Earnings • Feb 10
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$0.94 (up from US$14.28 loss in FY 2020). Revenue: US$1.51b (up 89% from FY 2020). Net income: US$39.9m (up US$647.0m from FY 2020). Profit margin: 2.6% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 4.6%. Over the next year, revenue is forecast to grow 66%, compared to a 162% growth forecast for the airlines industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 19
Third quarter 2021 earnings released: EPS US$0.19 (vs US$2.78 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$445.0m (up US$412.6m from 3Q 2020). Net income: US$8.24m (up US$126.3m from 3Q 2020). Profit margin: 1.9% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 06
Second quarter 2021 earnings released: EPS US$0.66 (vs US$9.08 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$304.3m (up US$289.7m from 2Q 2020). Net income: US$28.1m (up US$414.1m from 2Q 2020). Profit margin: 9.2% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 25
Full year 2020 earnings released: US$14.28 loss per share (vs US$5.81 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$801.0m (down 70% from FY 2019). Net loss: US$607.1m (down 346% from profit in FY 2019). Available seat kilometres (ASK): 11.75b (down 71% from FY 2019). Passenger load factor: 79.6% (down from 84.8% in FY 2019). Revenue per available seat kilometre (RASK): 6.8% (up from 6.7% in FY 2019). Total aircraft: 77 (down by 19 from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 25
New 90-day high: €72.00 The company is up 5.0% from its price of €68.50 on 26 November 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Airlines industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.67 per share. Analyst Estimate Surprise Post Earnings • Feb 18
Revenue misses expectations Revenue missed analyst estimates by 0.05%. Over the next year, revenue is forecast to grow 64%, compared to a 32% growth forecast for the Airlines industry in Germany. Reported Earnings • Feb 18
Full year 2020 earnings released: US$14.08 loss per share (vs US$5.81 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$801.0m (down 70% from FY 2019). Net loss: US$598.6m (down 342% from profit in FY 2019). Available seat kilometres (ASK): 11.75b (down 71% from FY 2019). Passenger load factor: 79.6% (down from 84.8% in FY 2019). Revenue per available seat kilometre (RASK): 6.8% (up from 6.7% in FY 2019). Total aircraft: 75 (down by 21 from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Aankondiging • Jan 20
Copa Holdings, S.A. to Report Q4, 2020 Results on Feb 10, 2021 Copa Holdings, S.A. announced that they will report Q4, 2020 results After-Market on Feb 10, 2021 Aankondiging • Nov 19
Copa Holdings, S.A. Restarts Regular Operations Copa Holdings, S.A. announced that after virtually no operations since March 2020 due to air travel restrictions related to the Coronavirus pandemic, the Company has now restarted regular operations and is gradually increasing its capacity (ASMs), which came in 85.2% lower year over year in October. Is New 90 Day High Low • Nov 11
New 90-day high: €56.50 The company is up 38% from its price of €41.00 on 13 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Airlines industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €38.69 per share. Aankondiging • Jul 17
Copa Holdings, S.A. to Report Q2, 2020 Results on Aug 05, 2020 Copa Holdings, S.A. announced that they will report Q2, 2020 results at 5:00 PM, US Eastern Standard Time on Aug 05, 2020 Aankondiging • Jun 19
Copa Holdings, S.A. Provides Update on Resuming International Passenger Flights Copa Holdings, S.A. announced that on June 17, the Panamanian government announced the extension of air travel restrictions for all international passenger flights to and from Panama for an additional 30 days, ending July 23, 2020. As such, the Company is currently planning to resume scheduled international passenger flights no earlier than July 24, 2020, subject to any further extensions by the authorities in the future.