Copa Q1 net profit up 35% on strong demand
Copa Holdings reported a Q1 2018 net profit of US$136.5m, up 35.1% over net income of $101m in the 2017 March quarter, as strong demand overcame rising fuel prices. “Higher load factors and yields produced a significant unit revenue improvement, which outpaced an oil-driven increase in unit costs and resulted in a year-over-year margin expansion,” said the company. Copa’s Q1 revenue increased 16.2% YOY to $715m while expenses rose 14.5% to $571.6m, including a 27.6% jump in fuel costs to $174m. Operating profit for the 3 months was $143.4m, up 23.4% over operating income of $116.2m in Q1 2017. Copa’s Q1 traffic increased 10.4% YOY to 5.2b RPMs on an 8.4% rise in capacity to 6.3b ASMs, producing a load factor of 8.4%, up 1.5 points. Yield improved 5.3% YOY to 13.3 cents. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-05-11/star/copa-q1-net-profit-up-35-on-strong-demand
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Copa Q1 net profit up 35% on strong demand
Copa Holdings reported a Q1 2018 net profit of US$136.5m, up 35.1% over net income of $101m in the 2017 March quarter, as strong demand overcame rising fuel prices. “Higher load factors and yields produced a significant unit revenue improvement, which outpaced an oil-driven increase in unit costs and resulted in a year-over-year margin expansion,” said the company. Copa’s Q1 revenue increased 16.2% YOY to $715m while expenses rose 14.5% to $571.6m, including a 27.6% jump in fuel costs to $174m. Operating profit for the 3 months was $143.4m, up 23.4% over operating income of $116.2m in Q1 2017. Copa’s Q1 traffic increased 10.4% YOY to 5.2b RPMs on an 8.4% rise in capacity to 6.3b ASMs, producing a load factor of 8.4%, up 1.5 points. Yield improved 5.3% YOY to 13.3 cents. <br/>
