{"id":139379,"date":"2023-05-11T14:30:00","date_gmt":"2023-05-11T14:30:00","guid":{"rendered":"https:\/?p=139379"},"modified":"2023-05-12T00:21:29","modified_gmt":"2023-05-12T00:21:29","slug":"copa-reported-net-income-of-us121-5-million-in-first-quarter-of-2023","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2023\/05\/copa-reported-net-income-of-us121-5-million-in-first-quarter-of-2023.html","title":{"rendered":"Copa reported net income of US$121.5 million in first quarter of 2023"},"content":{"rendered":"\n<p><strong>Copa Holdings <\/strong>presented this Wednesday its financial results for the first quarter of 2023 (1Q23), where it reported net income of US$121.5 million, about 35% more than the US$89.4 million it obtained in the same period but 2019 (1Q19).<\/p>\n\n\n\n<p>Operating income was US$193.2 million and an operating margin of 22.3% for the quarter, compared to US$112.9 million and 16.8% in 1Q19.<\/p>\n\n\n\n<p>Passenger traffic, measured in terms of revenue passenger miles (RPM), increased 7.1% compared to 1Q19, while capacity (available seat miles or ASM) increased 2.8%. As a result, the occupancy factor for the quarter increased 3.5 percentage points to 86.8% compared to 1Q19.<\/p>\n\n\n\n<p><strong><em>\u2192 <a href=\"https:\/en\/2023\/04\/copa-airlines-unveils-growth-plans-for-2023.html\">Copa Airlines unveils growth plans for 2023<\/a><\/em><\/strong><\/p>\n\n\n\n<p>Total revenues for 1Q23 increased 29.0% to US$867.3 million, compared to revenues in 1Q19.<\/p>\n\n\n\n<p>The company closed the quarter with approximately US$1.2 billion in cash and short-term and long-term investments, representing 36.3% of trailing twelve-month revenues, and total debt, including lease liabilities, of US$1.7 billion.<\/p>\n\n\n\n<p>During the quarter, Copa Airlines took delivery of two new Boeing 737 MAX 9 aircraft, ending the period with a consolidated fleet of 99 aircraft &#8211; 67 Boeing 737-800s, 22 Boeing 737 MAX 9s, 9 Boeing 737-700s, and 1 Boeing 737-800 freighter.<\/p>\n\n\n\n<p>Copa Airlines had an on-time performance for the quarter of 92.2% and a flight 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reported&hellip;\n","protected":false},"author":4316,"featured_media":103701,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[1],"tags":[603,230,261,211,248],"class_list":{"0":"post-139379","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-airlines","8":"tag-aerolinea-en-2","9":"tag-airline","10":"tag-copa-airlines-2","11":"tag-latin-america","12":"tag-panama-3"},"uagb_featured_image_src":{"full":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/12\/Copa-Airlines-737-MAx.jpg",800,400,false],"thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/12\/Copa-Airlines-737-MAx-150x150.jpg",150,150,true],"medium":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/12\/Copa-Airlines-737-MAx-300x150.jpg",300,150,true],"medium_large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/12\/Copa-Airlines-737-MAx-768x384.jpg",768,384,true],"large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/12\/Copa-Airlines-737-MAx.jpg",800,400,false],"1536x1536":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/12\/Copa-Airlines-737-MAx.jpg",800,400,false],"2048x2048":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/12\/Copa-Airlines-737-MAx.jpg",800,400,false],"pk-small":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/12\/Copa-Airlines-737-MAx.jpg",80,40,false],"pk-thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/12\/Copa-Airlines-737-MAx.jpg",300,150,false],"csco-small":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/12\/Copa-Airlines-737-MAx-80x80.jpg",80,80,true],"csco-intermediate":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/12\/Copa-Airlines-737-MAx-200x140.jpg",200,140,true],"csco-thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/12\/Copa-Airlines-737-MAx-380x220.jpg",380,220,true],"csco-thumbnail-alternative":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/12\/Copa-Airlines-737-MAx-300x180.jpg",300,180,true],"csco-thumbnail-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/12\/Copa-Airlines-737-MAx-380x190.jpg",380,190,true],"csco-medium":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/12\/Copa-Airlines-737-MAx.jpg",800,400,false],"csco-medium-alternative":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/12\/Copa-Airlines-737-MAx-560x336.jpg",560,336,true],"csco-medium-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/12\/Copa-Airlines-737-MAx.jpg",800,400,false],"csco-large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/12\/Copa-Airlines-737-MAx.jpg",800,400,false],"csco-large-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/12\/Copa-Airlines-737-MAx.jpg",800,400,false],"csco-extra-large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2020\/12\/Copa-Airlines-737-MAx.jpg",800,400,false]},"uagb_author_info":{"display_name":"Redacci\u00f3n - Aviaci\u00f3n al D\u00eda","author_link":"https:\/\/aviacionaldia.com\/en\/author\/aad"},"uagb_comment_info":0,"uagb_excerpt":"Copa Holdings presented this Wednesday its financial results for the first quarter of 2023 (1Q23), where it reported&hellip;","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/139379","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/users\/4316"}],"replies":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/comments?post=139379"}],"version-history":[{"count":1,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/139379\/revisions"}],"predecessor-version":[{"id":139380,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/139379\/revisions\/139380"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/media\/103701"}],"wp:attachment":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/media?parent=139379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/categories?post=139379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/tags?post=139379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}