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Copa Holdings profits decline in 2Q2012

9-Aug-2012 2:17 PM

Copa Holdings revenue up 21% - financial highlights for three months ended 30-Jun-2012:

  • Operating revenue: USD515.8 million, +20.6% year-on-year;
  • Operating costs: USD443.2 million, +25.5%;
    • Fuel: USD173.3 million, +26.9%;
    • Labour: USD61.1 million, +16.0%;
  • Operating profit: USD72.6 million, -2.7%;
  • Net profit: USD32.0 million, -22.4%;
  • Passenger numbers: 1.7 million, +9.8%;
  • Load factor: 73.5%, -2.8 ppts;
  • Breakeven load factor: 63.0%, +4.5 ppts;
  • Yield: USD 17.2 cents, +1.2%;
  • Passenger revenue per ASM: USD 12.6 cents, -2.5%;
  • Revenue per ASM: USD 13.1 cents, -3.3%;
  • Cost per ASM: USD 11.3 cents, +0.6%;
  • Cost per ASM excl fuel: USD 6.9 cents, -0.1%;
  • Average stage length: 1063 miles, +9.2%;
  • Total assets: USD3293 million, +7.4% when compared to period ended 31-Dec-2011;
  • Cash and cash equivalents: USD255.8 million, +4.9% when compared to period ended 31-Dec-2011;
  • Total liabilities: USD1859 million, +10.9% when compared to period ended 31-Dec-2011;
  • 3Q2012 forecast:
    • Capacity (ASMs): +23%;
    • Average load factor: 75%;
    • Revenue per ASM: USD 13.8 cents;
    • Cost per ASM excl fuel: USD 6.7 cents;
    • Operating margin: 18% to 20%. [more - original PR]