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10-May-2012 2:07 PM

COPA Holding operating profit up 12% in 1Q2012

COPA Holding revenue up 30% - financial highlights for three months ended 31-Mar-2012:

  • Total operating revenue: USD543.3 million, +29.5% year-on-year;
    • Passenger: USD523.8 million, +30.7%;
    • Cargo: USD19.4 million, +4.25;
  • Total operating revenue: USD431.7 million, +34.9%;
    • Fuel: USD170.9 million, +47.1%;
    • Labour: USD57.5 million, +19.0%;
  • Operating profit: USD111.6 million, +12.0%;
  • Net profit: USD95.9 million, +1.6%;
  • Passenger numbers: 1.7 million, +5.8%;
  • Load factor: 77.2%, -0.2 ppt;
  • Breakeven load factor: 61.2%, +2.9 ppts;
  • Yield: USD 17.7 cent, +6.8%;
  • Passenger revenue per ASM: USD 13.7 cents, +6.4%;
  • Revenue per ASM: USD 14.2 cents, +5.5%;
  • Cost per ASM: USD 11.3 cents, +9.9%;
  • Cost per ASM excl fuel: USD 6.8 cents, +4.2%;
  • Average stage length: 1066 miles, +10.1%;
  • Total assets: USD3205 million, +4.5% when compared to period ended 31-Dec-2011;
  • Cash and cash equivalents: USD218.7 million, -10.3% when compared to period ended 31-Dec-2011;
  • Total liabilities: USD1713 million, +2.2% when compared to period ended 31-Dec-2011;
  • FY2012 forecast:
    • Capacity (ASMs): +/-23% year-on-year;
    • Average load factor: 75%;
    • Revenue per ASM: +/-13.8%;
    • Cost per ASM excl fuel: +/-6.7%;
    • Operating margin: +18% to +20%. [more – original PR]

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