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Copa shows third-quarter results are in line with forecast, Citigroup says

Thursday, September 9, 2010

Panamanian airline company Copa Holdings released its August traffic statistics, and Citigroup believes the findings to be marginally positive.

Revenue passenger miles increased by 12 percent year-on-year as capacity increased 13.5 percent and the load softened by 0.9 points year on year, but is still healthy at 75 percent, Citigroup reports.

Combining July and August data, Citigroup calculates that Copa's results are in line with its growth forecast.

Original source: Benzinga