Overview

* Copa Holdings ( CPA ) Q3 net profit rises 18.7% yr/yr, operating margin increases 2.9 percentage points

* Revenue per available seat mile up 1.0% yr/yr, operating costs per ASM down 2.7%

* Company expands fleet, adding five Boeing 737 MAX 8 and one 737-800 freighter

Outlook

* Company expects to receive one additional Boeing 737 MAX 8 aircraft before year-end

Result Drivers

* PASSENGER REVENUE - Passenger revenue increased, contributing to overall revenue growth

* FLEET EXPANSION - Delivery of five Boeing 737 MAX 8 and one 737-800 freighter expanded fleet, supporting capacity growth

* OPERATIONAL EFFICIENCY - Load factor increased 1.8 percentage points to 88.0%, supporting operational efficiency

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net $173.35

Income mln

Q3 Load 88.00%

Factor

Q3 $212.31

Operatin mln

g Income

Q3 23.20%

Operatin

g Margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the airlines peer group is "buy"

* Wall Street's median 12-month price target for Copa Holdings SA ( CPA ) is $152.50, about 19.2% above its November 18 closing price of $123.21

* The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)