{"id":169583,"date":"2024-11-21T13:00:25","date_gmt":"2024-11-21T13:00:25","guid":{"rendered":"https:\/?p=169583"},"modified":"2024-11-21T16:05:55","modified_gmt":"2024-11-21T16:05:55","slug":"copa-holdings-reported-net-income-of-us146-million-in-third-quarter-of-2024","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2024\/11\/copa-holdings-reported-net-income-of-us146-million-in-third-quarter-of-2024.html","title":{"rendered":"Copa Holdings reported net income of US$146 million in third quarter of 2024"},"content":{"rendered":"\n<p><strong>Copa Holdings<\/strong>, parent company of Copa Airlines and Wingo, released its third quarter 2024 (3Q24) financial results on Wednesday.<\/p>\n\n\n\n<p>The company reported net income of US$146.0 million for 3Q24, a decrease of US$28.4 million compared to the same period of 2023, and recorded operating income of US$173.7 million and an operating margin of 20.3%, a decrease of US$31.3 million and 3.3 percentage points, respectively, compared to 3Q23.<\/p>\n\n\n\n<p>Consolidated capacity, measured in available seat miles (MBA), increased 9.5% in the quarter compared to 3Q23.<\/p>\n\n\n\n<p>Passenger traffic for the quarter, measured in terms of passenger miles per passenger (RPM), increased 7.6% compared to the same period in 2023.<\/p>\n\n\n\n<p>In 3Q24, the company recorded a load factor of 86.2%, a decrease of 1.6 percentage points compared to 3Q23.<\/p>\n\n\n\n<p><strong><em>\u2192 <a href=\"https:\/en\/2024\/11\/copa-airlines-to-temporarily-suspend-4-routes-starting-in-january.html\">Copa Airlines to temporarily suspend 4 routes starting in January<\/a><\/em><\/strong><\/p>\n\n\n\n<p>Operating cost per available non-fuel seat mile (Ex-fuel CASM) decreased by 1.6% in the quarter, to 5.7 cents, compared to the third quarter of 2023.<\/p>\n\n\n\n<p>Revenue per available seat mile (RASM) decreased 10.1% to 11.0 cents compared to 3Q23, driven by an 8.7% decline in passenger yield and a 1.6 percentage point decline in occupancy factor.<\/p>\n\n\n\n<p>The company closed the quarter with approximately US$1.3 billion in cash, short- and long-term investments, representing 36% of revenues for the last twelve months.<\/p>\n\n\n\n<p>Copa Holdings closed the quarter with total debt, including capital lease liabilities, of US$1.9 billion, while the adjusted net debt to EBITDA ratio stood at 0.6 times.<\/p>\n\n\n\n<p>During the quarter, the company took delivery of its first Boeing 737 MAX 8, ending the period with a fleet of 110 aircraft: 67 Boeing 737-800s, 32 Boeing 737 MAX 9s, 9 Boeing 737-700s, 1 Boeing 737 MAX 8 and 1 Boeing 737-800 freighter.<\/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 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More<\/a>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t\t\t\t<\/article>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t","protected":false},"excerpt":{"rendered":"Copa Holdings, parent company of Copa Airlines and Wingo, released its third quarter 2024 (3Q24) financial results on&hellip;\n","protected":false},"author":4316,"featured_media":137354,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[1],"tags":[230,261,211,247],"class_list":{"0":"post-169583","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-airlines","8":"tag-airline","9":"tag-copa-airlines-2","10":"tag-latin-america","11":"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":"Redacci\u00f3n - Aviaci\u00f3n al D\u00eda","author_link":"https:\/\/aviacionaldia.com\/en\/author\/aad"},"uagb_comment_info":0,"uagb_excerpt":"Copa Holdings, parent company of Copa Airlines and Wingo, released its third quarter 2024 (3Q24) financial results on&hellip;","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/169583","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=169583"}],"version-history":[{"count":1,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/169583\/revisions"}],"predecessor-version":[{"id":169584,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/169583\/revisions\/169584"}],"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=169583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/categories?post=169583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/tags?post=169583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}