5-May-2011 1:54 PM
Copa Holdings revenue up 25%, operating profit up 29% in 1Q2011
Copa Holdings revenue up 25% - financial highlights for the three months ended 31-Mar-2011:
- Operating revenue: USD423.1 million, +24.7% year-on-year;
- Operating costs: USD322.1 million, +23.4%;
- Fuel: USD116.1 million, +48.6%;
- Labour: USD48.3 million, +15.5%;
- Operating profit: USD101.0 million, +29.2%;
- Net profit: USD94.4 million, +122.5%;
- Passenger numbers: 1.7 million, 12.0%;
- Load factor: 77.4%, -2.6 ppts;
- Breakeven load factor: 54.0%, -7.6 ppts;
- Yield: USD 16.7 cents, +3.9%;
- Passenger revenue per ASM: USD 13.0 cents, +0.6%;
- Revenue per ASM: USD 13.6 cents, +0.2%;
- Cost per ASM: USD 10.3 cents, -0.9%;
- Cost per ASM excl fuel: USD 6.6 cents, -9.5%;
- Average sector length: 967 miles, +7.8%;
- Total assets: USD2685 million, +5.1% when compared with the period ended 31-Dec-2010;
- Cash and cash equivalents: USD236.6 million, +13.9% when compared with the period ended 31-Dec-2010;
- Total liabilities: USD1479 million, +2.3% when compared with the period ended 31-Dec-2010;
- FY2011 forecast:
- Capacity (ASMs): +20% year-on-year;
- Average laod factor: 74%;
- Revenue per ASM: USD 13.2 cents, +2%;
- Cost per ASM excl fuel: USD 6.6 cents. [more]