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Copa Holdings, S.A.Copa Holdings, S.A.Copa Holdings, S.A.

Copa Holdings, S.A.

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CPA trade ideas

$CPA On Breakout WatchlistCopa Holdings is in the Airline and Air Transport business mainly in emerging market areas. I’ve marked up this weekly chart and missed it as a trade in November 2022. It’s now looking like it may be ready to breakout of a 2-year base / area of resistance. See notes on chart for more details. I’ll be ready this time as I set an alarm on the 2-year base area (it triggered yesterday and today but I wanted at least 2 closes over that area before starting a position). Maybe this should be on your watchlist too. Hope it helps. Ideas, not investing / trading advice.
NYSE:CPALong
by jaxdog
Strong Resistance for good Short opportunity on CPA.CPA is in a short term downtrend and is looking like it could possibly continue this downtrend. I have marked the key resistance points for the possible short swing opportunity. I think that there is strong resistance around the zone where I put the yellow box. If price follows the yellow path and breaks the now green support line to go bearish than there could be a good short swing opportunity and the now green resistance line can be used as a S/L on a short position.
NYSE:CPAShort
by giltorres7714
3
$CPA can fall in the next daysContextual immersion trading strategy idea. Copa Holdings, S.A., through its subsidiaries, provides airline passenger and cargo services. The company said on Monday it may not have enough liquidity to survive the coronavirus crisis despite cutting costs, becoming the second major Latin American airline to suggest that it may cease to exist due to the outbreak — finance.yahoo.com The demand for shares of the company looks lower than the supply. This and other conditions can cause a fall in the share price in the next days. So I opened a short position from $41,08; stop-loss — $43,32. Information about take-profits will be later. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NYSE:CPAShort
by KozakHlib
COPA HOLDINGS continues to fly higher. EARNINGS CALL HIGHLIGHTS Good morning, everyone, and thanks for joining us. Let me begin by joining Pedro in congratulating our entire team for all their astounding achievements during the quarter. Due to the grounding of the MAX fleet, our capacity for the second quarter was 4.3% lower year-over-year, while revenue passenger miles decreased only 2.5%, which resulted in a consolidated load factor of 85.1%, a 1.6 percentage point increase versus Q2 2018. Passenger yields showed a recovery and came in 4.1% higher year-over-year, which combined with a strong load factor resulted in a unit revenue increase of 6.3% from $0.098 in Q2 2018 to $0.105 in Q2 2019. Consolidated revenues increased 1.7% to $645 million. On the expense side, our second quarter operating expenses decreased 2% year-over-year on the 4.3% capacity reduction, which resulted in our cost per available seat mile increasing 2.5% to $0.091. For the quarter, our effective all-in fuel price averaged $2.22 per gallon, a decrease of 5.3% versus the $2.35 per gallon that we averaged in Q2 2018. The cost per available seat mile excluding fuel and ex-fuel CASM increased 5.7% from $0.059 in Q2 2018 to $0.062 in Q2 2019, mainly due to the costs associated with the grounding of the MAX fleet, including the resulting lower capacity output as well as the timing of certain expenses. Operating earnings for the quarter came in 36.7% higher at $82.6 million, resulting in an operating margin of 12.8%, 3.3 percentage points higher than Q2 2018. Looking at nonoperating income and expense, the second quarter generated a net nonoperating expense of $11.9 million, mainly driven by a net interest expense of $7.5 million and a $2.2 million translational foreign currency loss related mostly to the Argentinian and Colombian currencies. Our tax expense for the quarter also came in higher at $19.9 million, related to a timing of certain tax payments in Panama. For the full year, we expect our effective tax rate to be in the range of 13%. In terms of net results, net earnings for the quarter came in at $50.9 million or earnings per share of $1.20, 2.1% higher than the earnings per share reported in Q2 2018. I will now turn to the balance sheet. We closed the second quarter with a very strong financial position. Assets totaled $4.5 billion, owners' equity totaled $1.9 billion, our debt plus our lease liability totaled approximately $1.6 billion and our lease liability adjusted net debt-to-EBITDA ratio came in at 1.1x, one of the strongest in the industry. Keep in mind that we are now adjusting the net debt by including the lease liability line from our balance sheet. We closed the quarter with approximately $1.2 billion in debt more than 60% of which is fixed with a blended rate, including fixed and floating rate debt of approximately 3.1%. In regards to cash, short- and long-term investments, we closed the quarter with close to $900 million. During the quarter, our free cash flow generation was close to $140 million and our cash balance at the end of the quarter represents approximately 34% of last 12 months' revenues. In terms of fleet, we ended the quarter with 104 aircraft, 68 737-800s, 14 737-700s, 16 Embraer-190s and 6 MAX 9s. We had originally planned for 7 additional MAX aircraft to be delivered during 2019. Once the MAX grounding is lifted, we will be able to determine the revised delivery stream for these aircraft. Finally, I'm pleased to announce that our Board of Directors has ratified the third quarterly dividend of $0.65 per share to be paid on September 13 to all shareholders on record as of August 30. So going back to our results and to recap, we delivered solid financial results for the second quarter. We expect demand for air travel in our region to continue improving during the second half of the year. Despite the grounding of the MAX fleet, we're still delivering competitive unit cost, which we expect to continue improving once the MAX grounding is lifted. We have one of the strongest balance sheets in the industry, and we continue to return value to our shareholders. Today, we're also updating our guidance for 2019. Please keep in mind that our guidance makes certain assumptions regarding the impact of the grounding of the MAX fleet, including an assumed return to service of the six aircraft currently in our fleet in the middle part of December. Any changes in these assumptions could influence the guidance for the year. COMPANY PROFILE Copa Holdings SA engages in provision of air transportation. It involves in an airline operation which provides passenger and cargo services through the Copa Airlines and Copa Colombia principal operating subsidiaries. The company offers international flights to Costa Rica, Jamaica, Colombia and other cities. Copa Holdings was founded in 1947 and is headquartered in Panama.
NYSE:CPALong
by RedHotStocks
$CPA Strong earnings and good outlook produced 18% jump. Copa produced a very clean earnings report in which the highlight was the 4% decline in cost per available seat mile (CASM). Capacity also increased 2% while revenue declined slightly as expected. Air traffic in South America is expected to grow by 5% year on year for at least the next 15 years as emerging nations produce higher disposable income. We believe we are just at the beginning of the cycle in COPA and will look for a entry soon.
NYSE:CPALong
by RedHotStocks
CPA downtrend meets supportAfter printing a high earlier in 2014 CPA has been heading down. It found some support at $100 and the weekly 200ma initially but now price has broken below this level. The move on the daily chart, since breaking below recent support and $100, has been quick (with a succession of bearish bars) and price is now approaching the pivot high (from 2012) of $86.50. We should expect to see a small pullback toward $100 before this level is cleared but if not we still want price to comfortably clear $86.50 before considering a short. Beyond this the next major support is $73.33. If shorting I would want my trade to be risk free before getting to this level.
NYSE:CPAShort
by iAnneTrader