Copa Holdings operating profit up 140% in 2Q2017

Copa Holdings reported (09-Aug-2017) the following financial highlights for the three months ended 30-Jun-2017:

• Operating revenue: USD578.1 million, +16.8% year-on-year;
• Operating costs: USD495.1 million, +7.6%;
  • Fuel: USD130.9 million, ＋4.3%;
  • Labour: USD99.6 million, +13.8%;
• Operating profit: USD83.0 million, +139.9%;
• Net profit: USD63.0 million, +15.5%;
• Passenger numbers: 2.3 million, +12.6%;
• Load factor: 82.2%, +3.9ppts;
• Yield: USD11.8 cents, +3.0%;
• Passenger revenue per ASM: USD9.7 cents, +8.2%;
• Revenue per ASM: USD10.0 cents, +7.5%;
• Cost per ASM: USD8.5 cents, -1.0%;
• Cost per ASM excl fuel: USD6.3 cents, +0.2%;
• Average stage length: 1259 miles, +5.4%;
• Total assets: USD4080 million;
• Cash and cash equivalents: USD243.6 million;
• Total liabilities: USD2112 million. [more - original PR]