Copa Holdings profits down by double-digits in 2Q2016

Copa Holdings revenue down 8% - financial highlights for three months ended 30-Jun-2016:

• Operating revenue: USD494.4 million, -8.2% year-on-year;
• • Passenger: USD472.9 million, -8.6%;
  • Cargo, mail and other: USD21.5 million, +3.2%;
• Operating costs: USD460.3 million, -5.9%;
• • Fuel: USD125.3 million, -19.7%;
  • Labour: USD69.1 million, -0.2%;
• Operating profit: USD34.2 million, -30.5%;
• Net profit: USD54.5 million, -14.9%;
• Passenger numbers: 2.0 million, +8.1%;
• Load factor: 78.3%, +4.9 ppts;
• Breakeven load factor: 66.6%, +4.7 ppts;
• Yield: USD 11.3 cents, -14.0%;
• Passenger revenue per ASM: USD 8.9 cents, -8.2%;
• Revenue per ASM: USD 9.3 cents, -7.7%;
• Cost per ASM: USD 8.6 cents, -5.5%;
• Cost per ASM excl fuel: USD 6.3 cents, +1.0%;
• Average stage length: 1194 miles, -3.9%;
• Total assets: USD3790 million;
• Cash and cash equivalents: USD207.6 million;
• Total liabilities: USD2074 million. [more - original PR]