Copa Holdings reports strong operating profit growth in 4Q2016

Copa Holdings revenue up 13% – financial highlights:

• Three months ended 31-Dec-2016:
• • Total operating revenue: USD601.3 million, +12.9% year-on-year;
  • • Passenger: USD577.5 million, +12.8%;
    • Cargo, mail and other: USD23.8 million, +16.4%;
  • Total operating costs: USD530.2 million, +7.4%;
  • • Fuel: USD141.7 million, +3.6%;
    • Labour: USD77.1 million, +9.5%;
  • Operating profit: USD71.2 million, +82.1%;
  • Net profit: USD95.8 million, compared to a loss of USD408.5 million in p-c-p;
  • Passengers: 2.1 million, +4.5%;
  • Passenger load factor: 81.6%, +6.8 ppts;
  • Yield: EUR 12.6 cents, +1.3%;
  • Passenger revenue per ASM: USD 10.3 cents, +10.5%;
  • Revenue per ASM: USD 10.7 cents, +10.7%;
  • Cost per ASM: USD 9.5 cents, +5.3%;
  • Cost per ASM excl fuel: USD 6.9 cents, +6.7%;
  • Average stage length: 1244 miles, +1.8%;
• 12 months ended 31-Dec-2016:
• • Total operating revenue: USD2222 million, -1.3%;
  • • Passenger: USD2133 million, -1.5%;
    • Cargo, mail and other: USD88.7 million, +6.4%;
  • Total operating costs: USD1945 million, -2.0%;
  • • Fuel: USD527.9 million, -12.4%;
    • Labour: USD293.0 million, +1.2%;
  • Operating profit: USD276.6 million, +4.0%;
  • Net profit: USD339.8 million, compared to a loss of USD225.0 million in p-c-p;
  • Passengers: 8.5 million, +8.0%;
  • Passenger load factor: 80.4%, +5.1 ppts;
  • Yield: USD 12.1 cents, -9.2%;
  • Passenger revenue per ASM: USD 9.7 cents, -3.0%;
  • Revenue per AMS: USD 10.1 cents, -2.7%;
  • Cost per ASM: USD 8.8 cents, -3.4%;
  • Cost per ASM excl fuel: USD 6.4 cents, +1.1%;
  • Average stage length: 1213 miles, -1.9%;
  • Total assets: USD3846 million;
  • Cash and cash equivalents: USD331.7 million;
  • Total liabilities: USD1999 million. [more - original PR]