Copa Holdings (CPA) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Improved air-travel demand and fleet modernization efforts bode well for Copa Holdings (CPA).
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Copa Holdings, S.A. stock has outperformed the S&P 500, with a 54% increase compared to 27%. Copa Airlines reported impressive margins and cost management, despite the impact of the Boeing 737 MAX 9 grounding. The company maintains its guidance for capacity expansion and operating margin, but adjusts unit revenue and non-fuel unit cost expectations.
Copa Holdings, S.A. (NYSE:CPA ) Q1 2024 Earnings Conference Call May 16, 2024 11:00 AM ET Company Participants Daniel Tapia - Director, IR Pedro Heilbron - CEO José Montero - CFO Conference Call Participants Savi Syth - Raymond James Duane Pfennigwerth - Evercore Rogerio Araujo - Bank of America Helane Becker - TD Cowen Alberto Valerio - UBS Michael Linenberg - Deutsche Bank Pablo Monsivais - Copa Barclays Jay Singh - Citi Operator Ladies and gentlemen, thank you for standing by.
Copa Holdings' (CPA) first-quarter 2024 revenues benefit from upbeat passenger revenues.