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5-May-2011 1:54 PM

Copa Holdings revenue up 25%, operating profit up 29% in 1Q2011

Copa Holdings revenue up 25% - financial highlights for the three months ended 31-Mar-2011:

  • Operating revenue: USD423.1 million, +24.7% year-on-year;
  • Operating costs: USD322.1 million, +23.4%;
    • Fuel: USD116.1 million, +48.6%;
    • Labour: USD48.3 million, +15.5%;
  • Operating profit: USD101.0 million, +29.2%;
  • Net profit: USD94.4 million, +122.5%;
  • Passenger numbers: 1.7 million, 12.0%;
  • Load factor: 77.4%, -2.6 ppts;
  • Breakeven load factor: 54.0%, -7.6 ppts;
  • Yield: USD 16.7 cents, +3.9%;
  • Passenger revenue per ASM: USD 13.0 cents, +0.6%;
  • Revenue per ASM: USD 13.6 cents, +0.2%;
  • Cost per ASM: USD 10.3 cents, -0.9%;
  • Cost per ASM excl fuel: USD 6.6 cents, -9.5%;
  • Average sector length: 967 miles, +7.8%;
  • Total assets: USD2685 million, +5.1% when compared with the period ended 31-Dec-2010;
  • Cash and cash equivalents: USD236.6 million, +13.9% when compared with the period ended 31-Dec-2010;
  • Total liabilities: USD1479 million, +2.3% when compared with the period ended 31-Dec-2010;
  • FY2011 forecast:
    • Capacity (ASMs): +20% year-on-year;
    • Average laod factor: 74%;
    • Revenue per ASM: USD 13.2 cents, +2%;
    • Cost per ASM excl fuel: USD 6.6 cents. [more]

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