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10-Nov-2011 1:59 PM

Copa Holdings operating profit up 38% in 3Q2011

Copa Holdings revenue up 31% - financial highlights for three months ended 30-Sep-2011:

  • Operating revenue: USD476.8 million, +31.3% year-on-year;
  • Operating costs: USD374.7 million, +29.6%;
    • Fuel: USD145.8 million, +58.8%;
    • Labour: USD54.2 million, +21.3%;
  • Operating profit: USD102.2 million, +38.2%;
  • Net profit: USD70.3 million, -1.7%;
  • Passenger numbers: 1.7 million, +3.8%;
  • Load factor: 77.1%, +1.6 ppt;
  • Breakeven load factor: 58.4%, -1.2 ppt;
  • Yield: USD 17.2 cents, +9.1%;
  • Passenger revenue per ASM: USD 13.2 cents, +11.4%;
  • Revenue per ASM: USD 13.8 cents, +10.3%;
  • Cost per ASM: USD 10.9 cents, +8.8%;
  • Cost per ASM excl fuel: USD 6.6 cents, -2.6%;
  • Average stage length: 1058 miles, +13.0%;
  • Total assets: USD2876 million, +12.6% when compared to period ended 31-Dec-2010;
  • Cash and cash equivalents: USD228.1 million, +9.8% when compared to period ended 31-Dec-2010;
  • Total liabilities: USD1627 million, +12.5% when compared to period ended 31-Dec-2010;
  • FY2011 forecast:
    • Capacity (ASM): +21%;
    • Average load factor: 76%, up from previous forecast of 75%;
    • RASM: USD 13.7 cents;
    • CASM excl fuel: USD 6.7 cents;
    • Operating margin: +21%, up from +19% to +21%;
  • FY2012 forecast:
    • Capacity: +20%;
    • Average load factor: 74%;
    • RASM: USD 12.9 cents;
    • CASM excl fuel: USD 6.5 cents;
    • Operating margin: +18% to +20%. [more – original PR]

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