Copa Q3 profit up 80%; accelerates transition to all-Boeing fleet
Copa Holdings posted a net profit of US$104m in Q3 2019, up 80% from $58m in the same period last year. Total operating revenue improved 5% to $708m. Unit revenue, measured in RASM, grew by 9.5%, while non-fuel unit costs, measured in CASM-ex, rose 5.5%. Capacity decreased by 3.7%, mainly because of the 737 MAX grounding. Copa plans to remove its last 15 Embraer E190s over the next 18 months—3 years earlier than planned—as the company accelerates its shift to an all-Boeing 737 fleet. Copa CE Pedro Heilbron said that Copa hopes to realise “significant cost and revenue benefits from operating a single-Boeing fleet.” Prior to the 737 MAX grounding, Copa was set to receive 7 more MAX 9s this year to finish 2019 with 13 of the type in its consolidated fleet. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-11-18/star/copa-q3-profit-up-80-accelerates-transition-to-all-boeing-fleet
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Copa Q3 profit up 80%; accelerates transition to all-Boeing fleet
Copa Holdings posted a net profit of US$104m in Q3 2019, up 80% from $58m in the same period last year. Total operating revenue improved 5% to $708m. Unit revenue, measured in RASM, grew by 9.5%, while non-fuel unit costs, measured in CASM-ex, rose 5.5%. Capacity decreased by 3.7%, mainly because of the 737 MAX grounding. Copa plans to remove its last 15 Embraer E190s over the next 18 months—3 years earlier than planned—as the company accelerates its shift to an all-Boeing 737 fleet. Copa CE Pedro Heilbron said that Copa hopes to realise “significant cost and revenue benefits from operating a single-Boeing fleet.” Prior to the 737 MAX grounding, Copa was set to receive 7 more MAX 9s this year to finish 2019 with 13 of the type in its consolidated fleet. <br/>
