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Copa Holdings ( (CPA) ) has issued an announcement.
Copa Holdings reported its financial results for the fourth quarter and full year 2024. The company achieved a net profit of $166.2 million in the fourth quarter, with a full-year net profit of $608.5 million, reflecting a decrease from the previous year. Despite an increase in capacity by 7.2% from the previous year, the company faced a decrease in revenue per available seat mile. Copa Holdings ended the year with substantial cash reserves and a low adjusted net debt to EBITDA ratio. The airline was recognized for its on-time performance and announced a quarterly dividend for 2025. Furthermore, Copa appointed a new Chief Financial Officer, Peter Donkersloot, effective March 2025.
More about Copa Holdings
Copa Holdings, S.A., listed on the NYSE as CPA, is a prominent player in the airline industry, primarily offering passenger air transportation services in Latin America. The company operates a modern fleet of aircraft, including various models of the Boeing 737, and focuses on maintaining a strong market presence with a significant emphasis on operational efficiency and on-time performance.
YTD Price Performance: 10.61%
Average Trading Volume: 358,361
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $3.94B
Learn more about CPA stock on TipRanks’ Stock Analysis page.
