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.


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…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis
  • About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • 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%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • 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
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • 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
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • 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%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items

  • 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.


    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.

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