Copa Holdings, S.A. (NYSE:CPA) spotted trading -65.82% off 52-week high price. On the other end, the stock has been noted 66.46% away from the low price over the last 52-weeks. The stock changed -3.83% to recent value of $39.95. The stock transacted 1351748 shares during most recent day however it has an average volume of 919.36K shares. The company has 43.87M of outstanding shares and 31.33M shares were floated in the market.

On May 06, 2020, Copa Holdings, S.A. (NYSE:CPA) reported financial results for the first quarter of 2020 (1Q20). The terms Copa Holdings and the Company refer to the consolidated entity.  The following financial information, unless otherwise indicated, is presented in accordance with International Financial Reporting Standards (IFRS). See the accompanying reconciliation of non-IFRS financial information to IFRS financial information included in the financial tables section of this earnings release. Unless otherwise stated, all comparisons with prior periods refer to the first quarter of 2019 (1Q19).

OPERATING AND FINANCIAL HIGHLIGHTS

  • Due to air travel restrictions implemented in response to the Covid-19 outbreak, the Company was forced to temporarily suspend all commercial flights on March 22nd, 2020. The Company currently expects to re-start a scaled-down operation on June 1st, 2020, although this date could be delayed as a result of further travel restrictions.
  • For 1Q20, Copa Holdings reported net profit of US$74.3 million or earnings per share (EPS) of US$1.75, as compared to net profit of US$89.4 million or earnings per share of US$2.11 in 1Q19.
  • Operating profit for 1Q20 came in at US$98.7 million, representing a 12.6% decrease from operating profit of US$112.9 million in 1Q19. Operating margin for 1Q20 came in at 16.6%, compared to an operating margin of 16.8% in 1Q19.
  • For 1Q20, consolidated passenger traffic decreased 16.3% on a 14.4% capacity reduction. As a result, consolidated load factor for the quarter decreased 1.9 percentage points to 81.5%.
  • Total revenues for 1Q20 decreased 11.4% to US$595.5 million. Yield per passenger mile increased 5.8% to 12.8 cents and RASM came in at 10.8 cents, or 5.8% higher than 1Q19.
  • Operating cost per available seat mile (CASM) increased 3.8%, from 8.7 cents in 1Q19 to 9.0 cents in 1Q20. CASM excluding fuel costs increased 8.0% from 6.1 cents in 1Q19 to 6.6 cents in 1Q20, mainly as a result of flight cancellations in March due to the Covid-19 outbreak and, later in the month, the unexpected grounding of the Company´s fleet, resulting in a significant year over year capacity reduction.
  • During 1Q20 the Company drew US$145 million from its available short-term lines of credit.
  • Cash, short-term and long-term investments ended the quarter at US$ 1.13 billion, representing approximately 43% of the last twelve months’ revenues.
  • Copa Holdings ended the quarter with a consolidated fleet of 102 aircraft – 6 Boeing 737MAX9s, 68 Boeing 737-800s, 14 Boeing 737-700s, and 14 Embraer-190s.

Its earnings per share (EPS) expected to touch remained 179.90% for this year while earning per share for the next 5-years is expected to reach at 12.53%. CPA has a gross margin of 62.90% and an operating margin of 12.80% while its profit margin remained 9.10% for the last 12 months.

According to the most recent quarter its current ratio was 1.2 that represents company’s ability to meet its current financial obligations. The price moved ahead of -11.95% from the mean of 20 days, -23.66% from mean of 50 days SMA and performed -55.81% from mean of 200 days price. Company’s performance for the week was -7.11%, 18.15% for month and YTD performance remained -61.57%.