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Stock impact report

Copa Holdings August 2024 Traffic Improves Year Over Year [Yahoo! Finance]

Copa Holdings, S.A. Copa Holdings, S.A. Class A (CPA) 
Last copa holdings, s.a. copa holdings, s.a. class a earnings: 2/12 04:45 pm Check Earnings Report
US:NYSE Investor Relations: investor.shareholder.com/copa
Company Research Source: Yahoo! Finance
Driven by high passenger volumes, revenue passenger miles (a measure of traffic) improved on a year-over-year basis in August. To match the demand swell, CPA is increasing its capacity. In August, available seat miles (a measure of capacity) increased 8.2% year over year. Revenue passenger miles increased 5.8% year over year. Although traffic improved on a year-over-year basis, it failed to outpace capacity expansion. As a result, the load factor (percentage of seats filled by passengers) fell to 85.1% from 87% in August 2023. Apart from Copa Holdings, we find another airline company -- Ryanair Holdings RYAAY, a European carrier -- who has also reported traffic numbers for August 2024. The number of passengers transported on Ryanair flights was 20.5 million in August 2024, reflecting an 8% year-over-year increase. RYAAY's traffic in August was much more than the July reading of 20.2 million, June reading of 19.3 million, May reading of 18.9 million, April reading of 17.3 million Show less Read more
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