From December 1 the new airline Wingo will be operating low cost regional flights.
A subsidiary of Copa Holdings, Wingo, has announced the start of operations and will start with flights on December 1, offering a daily frequency to Panama on Mondays, Thursdays, Fridays, Saturdays and Sundays, and from Guatemala, one daily on Mondays, Thursdays and Saturdays, according to information posted on its website.
Between January and August this year, the Panamanian airline transported 9.6 million passengers, an increase of 18.9% compared to the same period in 2012.
Prensa.com reports: "The subsidiary of Copa Holdings reported an occupancy factor of 76.8% through August, exceeding the 75.6% reported for the same date in 2012."
In the first six months of 2013, Copa Holdings accumulated net income of $188 million, with revenues of $1.233 billion.
In the first five months of 2013, the airline carried 5.8 million passengers, representing an increase of 20% compared with the same period last year.
If the trend continues, the company will exceed its estimated 11 million passengers scheduled for this 2013. Copa Holdings, owner of the shares of the Panamanian airline Copa Airlines reported that its transport capacity has increased by 19%.
In the first three months of 2013, the airline Copa Airlines carried 3.5 million passengers, 19.5% more than in the same period of 2012.
"International passenger traffic rose by 20.9%, while the operation of Copa Airlines Colombia, which performs internal flights in the neighboring country, fell by 9.2%.This year the company plans to mobilize a total of 11 million people ", reported Prensa.com.
In December 2010, Copa Airlines and Copa Airlines Colombia mobilized 22% more passengers than the same month of 2009.
The occupancy rate (number of seats used) reached 78.4%, an increase of 1.5 percentage points compared to December 2009.
If we consider specifically Copa Airlines, the increased traffic was 23.1% and the occupancy rate reached 79.4%, 2.1 percentage points more than in December 2009.
In the second quarter of 2010, Copa Airlines recorded net income of $18.6 million, 66% less than in the same period of 2009 when it was $55.2 million.
The company's total revenue increased 9.3% to $303 million and its capacity was also up 5%. However, its performance per passenger mile fell 2.5% to $0.152, largely due to lower prices in Venezuela and Colombia.
Copa’s net income for the first quarter of 2010 was $36.7 million, 49% less than the same period of 2010.
Copa Holdings S.A., the parent of Panama-based Copa Airlines and Colombia-based Aero República, said its first-quarter net income fell 49 percent to $36.7 million, hit by currency charges and higher fuel costs. The results compared to a net profit of $71.6 million, in the same period a year earlier.
The airline ordered an additional 13 Boeing 737 airplanes, a $1 billion investment, doubling its original request.
This order increases to 27 the number of planes Copa Airlines has ordered from Boeing. Additionally, they have agreed a purchase option for 8 more planes.
"Boeing 737s have been an important element in Copa's success, proving us with efficient operations and costs, which allows us to offer our passengers world class services and an extensive network of routes in Latin America", said Pedro Heilbron, CEO of Copa Airlines. "This order restates the confidence we have in our business model and the growth potential for air travel in Latin América".
In 70% of its routes, COPA has no competition. The Panamanian airline flies to destinations not covered by the major regional airlines such as TAM and LAN.
The company prefers to fly to destinations that are not too popular, where the passengers waiting to board are not many more than 50. And while the airline industry in general is suffering from the effects of the crisis and the balance sheets of the airlines are registering losses or marginal profits in the best case, COPA had operating margins of 17.4% in 2008.
Copa Holdings S.A., a holding company of Copa Airlines y Aero República, gained $51.9 in the fourth quarter of 2008, 46.1% more than the same period of 2007.
The operating revenue of the business, which lists in the New York Stock Exchange under the ticker CPA, were $84 million -an increase of 95.5% in comparison with $43 million obtained in the last quarter of 2007.
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Copa's fleet now consists of 41 aircraft, with an average age of 4.1 years.
Copa Airlines, a subsidiary of Copa Holdings, S.A., has taken delivery of its 14th Embraer 190 aircraft.
"The Embraer 190 is a good fit for our airline's growth plan, making it possible for us to serve routes that require an aircraft of its capacity," said Pedro Heilbron, CEO of Copa Airlines, "We are very pleased with the performance of this aircraft."
Copa Holdings earned $30.4 million in the second trimester of 2008, 1.5% less than recorded earnings for the same period in 2007.
The management of the company, which holds Copa Airlines and AeroRepublica, was very satisfied with the figures.
The company "has remained one of the most profitable airline companies on the planet," management pointed out.
Copa Airlines, a regional carrier, increased its revenues for cargo in the first quarter of the year by 25.5 percent and the courier service DHL reported growth of 6 percent.
Messenger services, better known as couriers, of Copa Holdings and DHL Express have reported a good first quarter.
In Panama, during the first quarter of 2008 there was an increase of 17 percent in messenger services with inbound parcels, and 11 percent for outbound items.