- Copa Holdings press release ( NYSE: CPA ): Q4 Non-GAAP EPS of $4.49 beats by $0.45 .
- Revenue of $890.61M (+54.9% Y/Y) beats by $3.19M .
- Passenger traffic, measured in terms of revenue passenger mile (RPMs), increased by 7.5% compared to 4Q19, while capacity (ASMs) increased by 5.9%. As a result, load factors for the quarter increased by 1.4 percentage points to 86.6%.
- The Company ended the quarter with approximately US$1.1 billion in cash, short-term and long-term investments, which represent 38.3% of the last twelve months' revenues, compared to US$1.2 billion held at the end of 2021.
- The Company closed the quarter with total debt, including lease liabilities, of US$1.7 billion, compared to US$1.6 billion at the end of 2021.
- During the quarter, the Company took delivery of two Boeing 737 MAX 9 aircraft, ending the year with a consolidated fleet of 97 aircraft – 67 Boeing 737-800s, 20 Boeing 737 MAX 9s, 9 Boeing 737-700s, and 1 Boeing 737-800 freighter, compared to a fleet of 102 aircraft prior to the COVID-19 pandemic.
- Copa Airlines had an on-time performance for the quarter of 86.1% and a flight completion factor of 99.6%
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Copa Holdings Non-GAAP EPS of $4.49 beats by $0.45, revenue of $890.61M beats by $3.19M