{"id":171632,"date":"2025-02-12T16:00:31","date_gmt":"2025-02-12T16:00:31","guid":{"rendered":"https:\/?p=171632"},"modified":"2025-02-13T00:51:56","modified_gmt":"2025-02-13T00:51:56","slug":"copa-holdings-reports-net-income-of-608-5-million-in-2024","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2025\/02\/copa-holdings-reports-net-income-of-608-5-million-in-2024.html","title":{"rendered":"Copa Holdings Reports Net Income of $608.5 Million in 2024"},"content":{"rendered":"\n<p><strong>Copa Holdings<\/strong>, the parent company of airlines Copa Airlines and Wingo, released its financial results for the fourth quarter (4Q24) and the full year 2024 on Wednesday.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Financial Figures<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Net income: $166.2 million ($3.99 per share) in 4Q24.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Annual net income: $608.5 million ($14.56 per share) in 2024.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Operating income: $204.2 million for the quarter, with an operating margin of 23.3%.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Annual operating income: $753.4 million, with a margin of 21.9%.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Capacity (ASMs): Increased by 7.2% in 4Q24 compared to 4Q23.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Operating cost per available seat mile (Ex-fuel CASM): 5.9 cents, a 2.6% reduction.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue per available seat mile (RASM): 11.3 cents, a 10.4% decrease.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Liquidity: $1.4 billion in cash and investments, representing 42% of the last twelve months&#8217; revenue.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Total debt: $2.0 billion, with a Net Adjusted Debt to EBITDA ratio of 0.5x.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Share repurchase: $87 million in shares under the $200 million repurchase program, equivalent to 2% of outstanding shares at the end of 2024.<\/li>\n<\/ul>\n\n\n\n<p><strong><em>\u2192 <a href=\"https:\/en\/2024\/12\/copa-airlines-resumes-flights-to-porto-alegre-brazil.html\">Copa Airlines resumes flights to Porto Alegre, Brazil<\/a><\/em><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Fleet Expansion<\/strong><\/h2>\n\n\n\n<p>During the fourth quarter of 2024, Copa Holdings received two Boeing 737 MAX 8 aircraft, ending the year with a consolidated fleet of 112 aircraft:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>67 Boeing 737-800s<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>32 Boeing 737 MAX 9s<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>9 Boeing 737-700s<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>3 Boeing 737 MAX 8s<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>1 Boeing 737-800 freighter<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Punctuality Recognition<\/strong><\/h2>\n\n\n\n<p>In January, Copa Airlines was recognized for the tenth time as the most punctual airline in Latin America in 2024, with an on-time performance of 88.2%. Additionally, it achieved the best punctuality among all airlines in the Americas and the third best globally, solidifying its position as an industry leader.<\/p>\n\n\n\n<p>Copa Holdings&#8217; financial results for 2024 reflect strong operational performance, with capacity expansion, cost improvements, and efficient financial management.<\/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=\"461\" 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\/american-airlines-adjusts-baggage-fees-and-redefines-basic-economy-product.html\" 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fourth&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":[230,261,247],"class_list":{"0":"post-171632","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-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, the parent company of airlines Copa Airlines and Wingo, released its financial results for the fourth&hellip;","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/171632","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=171632"}],"version-history":[{"count":2,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/171632\/revisions"}],"predecessor-version":[{"id":171664,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/posts\/171632\/revisions\/171664"}],"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=171632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/categories?post=171632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aviacionaldia.com\/en\/wp-json\/wp\/v2\/tags?post=171632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}