Copa Holdings: Good Profits, Nice Valuation

I am not a big fan of airline stocks. As long as I have been watching stocks (30 years), outside of Southwest Airlines (LUV), they seem to spend more time losing money than making it. These are business with huge overhead costs that think nothing of slashing fares to win a bidding war or pick up a few points of market share.

Friday, April 18, 2008

When I took a closer look at Copa Holdings, Inc., I found an airline company that actually seems to make good profits and the valuation looks pretty nice at these levels.

More on this topic

Copa Airlines Could Move Workshops to Panama

May 2013

The airline is examining transferring its maintenance operations from Costa Rica and the United States to Panama, due to an increase in its fleet.

According to Pablo de la Guardia, director of Government Relations for the company, nothing has been confirmed yet, although there is a clear intention to carry out the operation.

Copa Deals with Taca-Avianca Merger

October 2009

Copa is now looking for new strategies, after its main competitor merged with the largest Colombian airline.

The merger of Avianca and Taca is a challenge not only for Copa, but also for Panama, remarked Pedro Heilborn, president of Copa Airlines. He added that Tocumen, Panama's main airport, has the required conditions to remain as the Central American Hub, joining Copa's efforts in the regional market.

Copa Holdings Increases Profits 46%

February 2009

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.

Copa Airlines has solid financial program

December 2008

The company reported a reduction in earnings for the third quarter due to the rise in fuel prices, but its income continue with strong growth.

The global panorama for the transit of passengers does not look good for the global airline industry.

In October, the movement of international passengers dropped 1.3% compared to the same month last year, according to the International Air Transport Association (IATA).

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