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7-Feb-2013 2:31 PM

Copa Holdings profits decline in 4Q2012, up in full year 2012

Copa Holdings revenue up 18% - financial highlights:

  • Three months ended 31-Dec-2012:
    • Operating revenue: USD599.8 million, +17.7% year-on-year;
    • Operating costs: USD495.6 million, +24.5%;
      • Fuel: USD194.8 million, +31.0%;
      • Labour: USD65.8 million, +13.7%;
    • Operating profit: USD104.3 million, -6.5%;
    • Net profit: USD86.6%, -17.0%;
    • Passenger numbers: 1.9 million, +17.8%;
    • Load factor: 75.7%, +0.8 ppt;
    • Breakeven load factor: 61.6%, +2.6 ppts;
    • Passenger revenue per ASM: USD 12.9 cents, -3.05;
    • Revenue per ASM: USD 13.5 cents, -3.7%;
    • Cost per ASM: USD 11.1 cents, +1.8%;
    • Cost per ASM excl fuel: USD 6.8 cents, -1.3%;
    • Average stage length: 1090 miles, +2.2%;
  • 12 months ended 31-Dec-2012:
    • Operating revenue: USD2249 million, +22.9%;
    • Operating costs: USD1847 million, +27.7%;
      • Fuel: USD725.8 million, +32.6%;
      • Labour: USD247.4 million, +16.1%;
    • Operating profit: USD402.5 million, +4.6%;
    • Net profit: USD326.5 million, +5.2%;
    • Passenger numbers: 7.1 million, +13.5%;
    • Load factor: 75.4%, -0.9 ppt;
    • Breakeven load factor: 61.3%, +1.4 ppt;
    • Passenger revenue per ASM: USD 13.1 cents, -0.2%;
    • Revenue per ASM: USD 13.6 cents, -1.0%;
    • Cost per ASM: USD 11.1 cents, +2.9%;
    • Cost per ASM excl fuel: USD 6.8 cents, +0.5%;
    • Average stage length: 1076 miles, +5.8%;
    • Total assets: USD3483 million, +13.6%;
    • Cash and cash equivalents: USD166.3 million, -31.8%;
    • Total liabilities: USD1947 million, +16.1%. [more – original PR]

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