CPA - Copa Holdings Non-GAAP EPS of $3.92 beats by $0.54 revenue of $809.2M misses by $2.89M
2023-08-09 17:19:35 ET
- Copa Holdings press release ( NYSE: CPA ): Q2 Non-GAAP EPS of $3.92 beats by $0.54 .
- Revenue of $809.2M (+16.7% Y/Y) misses by $2.89M .
- Total revenues for 2Q23 increased 16.7% to US$809.2 million, mainly driven by higher capacity, while yields increased 2.0% to 13.3 cents. Revenue per available seat mile (RASM) increased 2.7% to 12.0 cents, as compared to 2Q22.
- Passenger traffic, measured in terms of revenue passenger miles (RPMs), increased by 15.4% year over year, while capacity (available seat miles or ASMs) increased by 13.6%. As a result, the load factor for the quarter increased by 1.3 percentage points to 86.1%, as compared to 2Q22.
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Copa Holdings Non-GAAP EPS of $3.92 beats by $0.54, revenue of $809.2M misses by $2.89M