CPA - Copa Still Has More Upside To Offer Even On A Slower Recovery Path
- Copa continues to struggle through a period of severely lower demand, with renewed COVID-19 restrictions once again pressuring air travel demand.
- Copa has started to take delivery of new Boeing MAX 9 aircraft.
- Management believes it can retain some of the pandemic cost savings on a long-term basis, with pre-pandemic unit costs on 20% lower capacity.
- Long-term core revenue growth in the low mid-single digits, low-double-digit FCF margins, and a 30%-plus EBITDAR margin in 2023 can support healthy double-digit upside from here.
For further details see:
Copa Still Has More Upside To Offer Even On A Slower Recovery Path