CPA - Copa Holdings Non-GAAP EPS of $3.99 beats by $0.74 revenue of $867.3M beats by $27.94M

May, 10 2023 05:08 PM Copa Holdings S.A. Class A

2023-05-10 17:08:48 ET

Copa Holdings press release ( NYSE: CPA ): Q1 Non-GAAP EPS of $3.99 beats by $0.74 .
Revenue of $867.3M (+51.7% Y/Y) beats by $27.94M .
Passenger traffic, measured in terms of revenue passenger miles (RPMs), increased by 7.1% compared to 1Q19, while capacity (available seat miles or ASMs) increased by 2.8%.
Compared to Q1 2019, Q1 2023 yields increased 20.0% to 14.6 cents and revenue per available seat mile (RASM) increased 25.5% to 13.1 cents.
Operating cost per available seat mile (CASM) increased 17.2% from 8.7 cents in Q1 2019 to 10.2 cents in Q1 2023.
During the quarter, the Company took delivery of two Boeing ( BA ) 737 MAX 9 aircraft, ending the quarter with a consolidated fleet of 99 aircraft.

For further details see: