Copa Holdings Q4 Revenue Up 9.8% to $962.9M, EPS $4.18 Misses Forecast
Copa Holdings posted Q4 revenue of $962.9 million, up 9.8% year-over-year yet 0.5% below consensus, and delivered EPS of $4.18 versus $3.99 a year ago, missing estimates by 5.9%. Load factor was 86.4% versus 86.6% expected, and CASM excluding fuel improved to 5.9 cents.
1. Q4 Revenue and Earnings Performance
Copa Holdings reported Q4 revenue of $962.89 million, marking a 9.8% increase year-over-year but falling 0.5% short of analyst projections. Earnings per share rose to $4.18 from $3.99 in the prior year but missed consensus by 5.9%.
2. Passenger Revenue Metrics
The airline recorded an 86.4% load factor, narrowly below the 86.6% estimate, with passenger revenue per ASM at 10.7 cents versus 10.76 cents expected; yield measured 12.4 cents against a 12.46-cent forecast. RPMs reached 7.36 billion compared to 7.37 billion estimated, while RASM was 11.3 cents versus 11.36 cents.
3. Cost, Capacity, and Fleet Details
Cost per ASM excluding fuel stood at 5.9 cents versus a 5.92-cent estimate, and total CASM was 8.8 cents against 8.83 cents projections. Available seat miles reached 8.51 billion, fuel gallons consumed totaled 98.60 million at an average price of $2.50 per gallon, and the fleet expanded to 125 aircraft.