COPA HOLDINGS Reports 16.7% YOY Increase in Revenue for Q2 FY2023 at USD 809.2 Million
August 13, 2023
☀️Earnings Overview
COPA HOLDINGS ($NYSE:CPA) released its financial report for the second quarter of FY2023 on June 30th 2023, revealing total revenue of USD 809.2 million, a 16.7% year-over-year rise. Unfortunately, net income was USD 17.5 million, which was a decrease of 85.9% from the same quarter of the previous year.
Analysis
GoodWhale has conducted an analysis of COPA HOLDINGS‘ wellbeing and found that the company has a high health score of 8/10. This is based on cashflows and debt, indicating that COPA HOLDINGS is capable of riding out any crisis without risking bankruptcy. Furthermore, COPA HOLDINGS falls into the ‘gorilla’ category of company, denoting that it has achieved stable and high revenue or earning growth due to its strong competitive advantage. In terms of investor interest, COPA HOLDINGS is strong in asset utilization, medium in asset turnover, growth, profitability, and weak in dividend. On the other hand, more conservative investors may find the company to be too risky and should consider other stocks with higher dividends. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Copa Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 3.38k | 343.25 | 16.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Copa Holdings. More…
| Operations | Investing | Financing |
| 850.88 | -582.6 | -99.19 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Copa Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.1k | 3.54k | 39.54 |
Key Ratios Snapshot
Some of the financial key ratios for Copa Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.1% | 1.1% | 15.5% |
| FCF Margin | ROE | ROA |
| 5.9% | 20.7% | 6.4% |
Peers
Through its operating companies, the Company provides passenger and cargo services. The Company operates approximately 80 daily flights to over 60 destinations in 30 countries in North, Central and South America and the Caribbean. The Company’s competitors include Grupo Aeromexico SAB de CV, Jin Air Co Ltd, ANA Holdings Inc.
– Grupo Aeromexico SAB de CV ($OTCPK:GRPAF)
Grupo Aeromexico SAB de CV is a Mexican airline company that provides scheduled air transportation services in Mexico and to various international destinations. It has a market cap of 1.23B as of 2022 and a Return on Equity of 67.02%. The company has a fleet of over 100 aircraft and operates over 600 daily flights.
– Jin Air Co Ltd ($KOSE:272450)
Founded in 1984, Jin Air Co Ltd is a South Korean airline company with a market cap of 618.4B as of 2022. The company has a Return on Equity of -79.32%. Jin Air operates scheduled and charter flights to domestic and international destinations and also offers cargo services.
– ANA Holdings Inc ($TSE:9202)
MGM Holdings Inc is a holding company that engages in the ownership and operation of resorts and casinos. The company has a market cap of 1.37T as of 2022 and a Return on Equity of -11.76%. The company operates resorts and casinos in the United States, China, and Macau.
Summary
COPA HOLDINGS, a Latin American airline holding company, reported its second quarter FY2023 earnings on June 30th, 2023. Total revenue increased 16.7% year-over-year to USD 809.2 million, however net income declined 85.9% to USD 17.5 million as compared to the same period the previous year. This suggests that COPA HOLDINGS is facing difficulty in controlling costs and generating profits. Investors should conduct further research into the company’s operations and financials before deciding whether or not to invest in the company.
Related Posts
Recent Posts
