Copa Holdings (CPA) Traffic, Load Factor Rise in August
Latin American carrier, Copa Holdings, S.A. CPA, posted a substantial rise in traffic for August. Traffic — measured in revenue passenger miles (RPMs) — came in at 1.82 billion, up 16% on a year-over-year basis.
Consolidated capacity (or available seat miles/ASMs) expanded 14.2% to 2.13 billion. As the increase in traffic outpaced growth in capacity, the load factor (percentage of seats filled by passengers) improved 140 basis points (bps) to 85.1% in the same month.
For the first eight months of 2017, Copa Holdings generated RPMs of 13.24 billion (up 13.3% year over year) and ASMs of 15.92 billion (up 8.5%). Load factor registered growth of 350 bps year over year to 83.1%, during the period.
Markedly, Copa Holdings, like its fellow Latin American carrier GOL Linhas GOL, is benefiting from an improved Latin American economy. Evidently, the stock has performed well this year. The company has gained 45.5%, outperforming its industry’s rally of 10.4% on a year-to-date basis.
Zacks Rank & Stocks to Consider
Copa Holdings carries a Zacks Rank #3 (Hold). Better-ranked stocks in the airline space includeRyanair Holdings RYAAY and SkyWest SKYW, each holding a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Shares of Ryanair and SkyWest have gained more than 28% and 9%, respectively, on a year-to-date basis.
4 Promising Stock Picks to Keep an Eye On
With news stories about computer hacking and identity theft becoming increasingly commonplace, the cybersecurity industry looks like a promising investment opportunity. But which stocks should you buy? Zacks just released Cybersecurity: An Investor’s Guide to Locking Down Profits to help answer this question.
This new Special Report gives you the information you need to make well-informed investment choices in this space. More importantly, it also highlights 4 cybersecurity picks with strong profit potential.
Get the new Investing Guide now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report
Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report
Copa Holdings, S.A. (CPA) : Free Stock Analysis Report
SkyWest, Inc. (SKYW) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
