{"id":167466,"date":"2024-08-08T13:00:11","date_gmt":"2024-08-08T13:00:11","guid":{"rendered":"https:\/?p=167466"},"modified":"2024-08-08T20:13:24","modified_gmt":"2024-08-08T20:13:24","slug":"copa-holdings-reported-net-income-of-120-3-million-in-the-second-quarter-of-2024","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2024\/08\/copa-holdings-reported-net-income-of-120-3-million-in-the-second-quarter-of-2024.html","title":{"rendered":"Copa Holdings reported net income of $120.3 million in the second quarter of 2024"},"content":{"rendered":"\n<p><strong>Copa Holdings<\/strong>, parent company of Copa Airlines and Wingo, released its second quarter 2024 (2Q24) financial results on Wednesday.<\/p>\n\n\n\n<p>The company reported a net profit of US$120.3 million in the second quarter of 2024, equivalent to US$2.88 per share, with an operating profit of US$159.5 million and a margin of 19.5%.<\/p>\n\n\n\n<p>2Q24 passenger traffic, measured in terms of passenger-miles (RPM), increased by 10.6% compared to 2Q23, while capacity, measured in available seat-miles (ASM), increased by 9.7%. As a result, the occupancy factor for the quarter increased 0.7 percentage points to 86.8% compared to the same period in 2023.<\/p>\n\n\n\n<p>Revenue per available seat mile (RASM) decreased 7.7% to 11.0 cents compared to 2Q23, driven by an 8.7% decline in passenger yield. Total revenue for 2Q24 increased 1.3% to $819.4 million.<\/p>\n\n\n\n<p><strong><em>\u2192 <a href=\"https:\/en\/2024\/07\/copa-airlines-to-increase-flights-to-florianopolis-brazil.html\">Copa Airlines to increase flights to Florian\u00f3polis, Brazil<\/a><\/em><\/strong><\/p>\n\n\n\n<p>The company closed the quarter with approximately US$1.2 billion in cash, short- and long-term investments, representing 35% of revenues for the last twelve months.<\/p>\n\n\n\n<p>The company closed the quarter with total debt, including capital lease liabilities, of US$1.8 billion, while its adjusted net debt to EBITDA ratio stood at 0.6 times.<\/p>\n\n\n\n<p>During the quarter, the holding company took delivery of three Boeing 737 MAX 9s, ending the quarter with a consolidated fleet of 109 aircraft &#8211; 67 Boeing 737-800s, 32 Boeing 737 MAX 9s, 9 Boeing 737-700s and 1 Boeing 737-800 freighter.<\/p>\n\n\n\n<p>Copa Airlines recorded a punctuality rate of 87.6% for the quarter and a flight completion factor of 99.7%, once again ranking among the best in the industry.<\/p>\n\n\n\n<p>In July, the holding company took delivery of its first Boeing 737 MAX 8, increasing its total fleet to 110 aircraft.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"related-topics\">Related Topics<\/h2>\n\n\n\n\t\t\t<div class=\"wp-block-uagb-post-grid uagb-post-grid  uagb-post__image-position-top uagb-post__image-enabled uagb-block-815d8787     uagb-post__items uagb-post__columns-2 is-grid uagb-post__columns-tablet-2 uagb-post__columns-mobile-1 uagb-post__equal-height\" data-total=\"514\" style=\"\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<article class=\"uagb-post__inner-wrap\">\t\t\t\t\t\t\t\t<div class='uagb-post__image'>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/aviacionaldia.com\/en\/2026\/04\/easyjet-expands-uk-network-with-nine-strategic-new-routes-for-winter.html\" target=\"_self\" rel=\"bookmark noopener noreferrer\" class='uagb-image-ratio-inherit'><img decoding=\"async\" width=\"800\" height=\"400\" 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on&hellip;\n","protected":false},"author":4312,"featured_media":137354,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[1],"tags":[603,230,261,211,247],"class_list":{"0":"post-167466","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-2"},"uagb_featured_image_src":{"full":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2023\/03\/Copa-Airlines-Wingo.jpg",800,400,false],"thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2023\/03\/Copa-Airlines-Wingo-150x150.jpg",150,150,true],"medium":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2023\/03\/Copa-Airlines-Wingo-300x150.jpg",300,150,true],"medium_large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2023\/03\/Copa-Airlines-Wingo-768x384.jpg",768,384,true],"large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2023\/03\/Copa-Airlines-Wingo.jpg",800,400,false],"1536x1536":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2023\/03\/Copa-Airlines-Wingo.jpg",800,400,false],"2048x2048":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2023\/03\/Copa-Airlines-Wingo.jpg",800,400,false],"pk-small":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2023\/03\/Copa-Airlines-Wingo.jpg",80,40,false],"pk-thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2023\/03\/Copa-Airlines-Wingo.jpg",300,150,false],"csco-small":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2023\/03\/Copa-Airlines-Wingo-80x80.jpg",80,80,true],"csco-intermediate":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2023\/03\/Copa-Airlines-Wingo-200x140.jpg",200,140,true],"csco-thumbnail":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2023\/03\/Copa-Airlines-Wingo-380x220.jpg",380,220,true],"csco-thumbnail-alternative":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2023\/03\/Copa-Airlines-Wingo-300x180.jpg",300,180,true],"csco-thumbnail-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2023\/03\/Copa-Airlines-Wingo-380x190.jpg",380,190,true],"csco-medium":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2023\/03\/Copa-Airlines-Wingo.jpg",800,400,false],"csco-medium-alternative":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2023\/03\/Copa-Airlines-Wingo-560x336.jpg",560,336,true],"csco-medium-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2023\/03\/Copa-Airlines-Wingo.jpg",800,400,false],"csco-large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2023\/03\/Copa-Airlines-Wingo.jpg",800,400,false],"csco-large-uncropped":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2023\/03\/Copa-Airlines-Wingo.jpg",800,400,false],"csco-extra-large":["https:\/\/aviacionaldia.com\/wp-content\/uploads\/2023\/03\/Copa-Airlines-Wingo.jpg",800,400,false]},"uagb_author_info":{"display_name":"Dergam Mousa","author_link":"https:\/\/aviacionaldia.com\/en\/author\/dmousa"},"uagb_comment_info":0,"uagb_excerpt":"Copa Holdings, parent company of Copa Airlines and Wingo, released its second quarter 2024 (2Q24) financial results on&hellip;","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/167466","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\/4312"}],"replies":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/comments?post=167466"}],"version-history":[{"count":1,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/167466\/revisions"}],"predecessor-version":[{"id":167467,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/167466\/revisions\/167467"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/media\/137354"}],"wp:attachment":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/media?parent=167466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/categories?post=167466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/tags?post=167466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}