Copa Holdings Full Year 2024 Earnings: EPS Beats Expectations

Copa Holdings (NYSE:CPA) Full Year 2024 Results

Key Financial Results

• Revenue: US$3.44b (flat on FY 2023).
• Net income: US$608.5m (up 18% from FY 2023).
• Profit margin: 18% (up from 15% in FY 2023).
• EPS: US$14.56 (up from US$12.78 in FY 2023).

CPA Operational Performance

• Available seat kilometres (ASK): 48.40b (up 8.6% from FY 2023).
• Passenger load factor: 86.3% (down from 86.8% in FY 2023).
• Total aircraft: 112 (up by 6 from FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Copa Holdings EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.2%.

In the last 12 months, the only revenue segment was Air Transportation contributing US$3.44b. Notably, cost of sales worth US$2.02b amounted to 59% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to US$330.7m (40% of total expenses). Explore how CPA's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Airlines industry in the US.

Performance of the American Airlines industry.

The company's shares are up 4.0% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Copa Holdings that you should be aware of before investing here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.