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]