Showing posts with label Copa Airlines. Show all posts
Showing posts with label Copa Airlines. Show all posts

30 June, 2023

Copa Airlines starts Panama City - Washington / Baltimore service.

Copa Airlines has launched a new international service between Baltimore/Washington International Thurgood Marshall Airport and Panama City, Panama, with the first flight operating yesterday, 29th June. 

The carrier offers four weekly flights between BWI Marshall and Panama which will open up a wide number of destinations throughout Latin America.

“We are thrilled to welcome Copa Airlines to BWI Thurgood Marshall Airport, and to celebrate this new nonstop service to Panama,” said Ricky Smith, Executive Director/CEO of BWI Marshall Airport. “We are confident that this partnership will foster tourism, trade, and cultural exchanges between our two regions.”

“BWI Thurgood Marshall has built an outstanding reputation for convenient, friendly, and reliable service, and we look forward to delivering this exceptional service to customers to and from Panama City,” said Maryland Transportation Secretary Paul J. Wiedefeld. “This is a win for Maryland, for our BWI Marshall team and for travellers in America and abroad.”

31 October, 2022

Aviation Capital Group deliver a Boeing 737-9 MAX to Copa Airlines

Photo ACG
Aviation Capital Group LLC announced at the end of last week the delivery of one new Boeing 737-9 MAX aircraft on long-term lease to Copa Airlines. This Boeing 737 MAX aircraft, powered by CFM International LEAP-1B engines, is part of a multiple-aircraft sale-and-lease-back transaction between ACG and Copa Airlines and is the ninth Boeing aircraft currently on lease from ACG to the airline.

For great value high-quality models, including Boeing 737 and 737 MAX jets like the one below, please visit Air Model, our premier aircraft model partner

This extra large 1/85 scale display model has a wingspan width of 43cm and a nose-to-tail length of 48cm.
Also includes:
Detachable & rotating landing gear
Metal display stand with a plastic mahogany wood-styled base.

Air Models also offer a stylish Copa Airlines A330...

12 August, 2022

Copa Airlines gets another Boeing 737 MAX 9

Copa Airlines has taken delivery of a new Boeing 737 MAX 9 jet, powered by CFM International LEAP-1B engines, on a long-term lease deal from Aviation Capital Group.

The plane is part of a multiple-aircraft sale-and-lease back transaction between ACG and Copa Airlines and is the eighth Boeing aircraft currently on lease from ACG to the airline.

“We are pleased to build on our long-standing relationship with Copa Airlines and to support the airline’s current fleet expansion requirements,” said Marine Benoit, ACG Vice President Marketing for the Latin American region.

“The delivery of this aircraft will help continue the expansion of the Hub of the Americas with more frequencies and destinations for the convenience of our passengers. It will be yet another step in our efforts to increase our capacity to meet passenger demand,” said Jose Montero, Senior Vice President of Finance at Copa Airlines.

Air Models have a range of aircraft models, including some special 737 MAX models, including this one in the colours of flydubai.  

Other airlines featured include Air ChinaXiamen Air and China Southern 

04 February, 2021

Copa Airlines and Government of Panama to Trial IATA Travel Pass

The International Air Transport Association (IATA) is partnering with the government of the Republic of Panama and Copa Airlines to trial IATA Travel Pass – a mobile app to help passengers easily and securely manage their travel in line with government requirements for COVID-19 testing or vaccine information.

Panama is the first government to participate in a trial of IATA Travel Pass which will be essential to re-establishing global connectivity while managing the risks of COVID-19.
Copa Airlines will be the first carrier in the Americas to trial the IATA Travel Pass. 

29 June, 2020

Latin America's airline apocalypse signals a future with weak competition

Bankrupt LATAM Airlines and Avianca Holdings are dramatically retrenching their once-grand ambitions amid the COVID-19 pandemic, reducing competition in Latin America as they mull once-unthinkable cooperation with rivals, reports Marcelo Rochabrun in Sao Paulo.

Since May, LATAM has exited Argentina, partnered with rival Azul SA in Brazil and cut back domestic operations in Chile, while Avianca has departed Peru.

LATAM is now open to a deeper alliance with Azul, even as the two airlines usually control a combined 60% of Brazil’s domestic market.

The scaling back could reshape air travel in Latin America, weakening competition regionally and driving up ticket prices while also helping some carriers survive. The moves show how the industry is already shrinking through attrition, as airlines are too cash-strapped to consider buying the competition.

28 April, 2020

Copa Airlines cuts costs by may not survive.

Panama’s Copa Airlines 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.

“Even after giving effect to our cost saving initiatives, we may not have sufficient liquidity to operate our business,” Copa said, noting that under a conservative estimate it could burn through almost 70% of its available cash by year’s-end.

Copa said it has $1.13 billion in cash but expects to run through more than $750 million in the next nine months.

23 July, 2019

Travelex Currency Services Announces Partnership With Copa Airlines ConnectMiles

Travelex, the world’s leading foreign exchange specialist, announces a partnership with Copa Airlines. From June 10, 2019 ConnectMiles Members can earn miles when exchanging currency in all Travelex stores at Tocumen International Airport, Panama.

“Over the past years, we have built up our services in Panama around retail. We can now offer ConnectMiles Members a new way to earn miles, simply by exchanging currency with Travelex. We are very excited to launch this partnership with Copa Airlines to further demonstrate our support and commitment to our business and the community in Panama,” said Pamela Henning, VP Partnerships at Travelex.

01 December, 2018

United Airlines expands partnership With Copa and Avianca

United Airlines confirmed today announced it has reached an agreement with Compañía Panameña de Aviación S.A. (Copa), Aerovías del Continente Americano S.A. (Avianca) and many of Avianca's affiliates, for a joint business agreement (JBA) that, pending government approval, is expected to provide substantial benefits for customers, communities and the marketplace for air travel between the United States and 19 countries in Central and South America.

15 November, 2018

Copa Holdings reports a drop of nearly 39% in net income during the third quarter

Copa Holdings announced its financial results for the third quarter of 2018 which shows the company had a net income of US$57.7 million, from an operating income ofUS$74.3 million, representing a 38.4% decrease over operating income of US$120.7 million during the third-quarter of 2017.

The revenues were hit by increased fuel charges, the weakness of the Brazilian and Argentinian currencies as well as increased competition and lower fares.  Yield per passenger mile decreased 3.3% to 11.6 cents and RASM came in at 10.1 cents, or 4.2% below last years numbers.  Operating cost per available seat mile (CASM) increased 4.3% from 8.6 cents in the same period of 2017 to 9.0 cents in third-quarter, driven by a 31.6% increase in the effective price of jet fuel. CASM excluding fuel costs decreased 5.5% from 6.3 cents in last year to 6.0 cents in this period, mainly as a result of timing of expenses, fewer operational disruptions and cost reduction efforts.

Copa ended the quarter with a consolidated fleet of 102 aircraft – 1 Boeing 737 MAX9, 68 Boeing 737-800s, 14 Boeing 737-700s, and 19 Embraer-190s (pictured).

10 November, 2018

Azul and Copa Airlines announce new codeshare deal

with improved frequent flyer programme agreements

Azul Brazilian Airlines and Copa Airlines announced this week that they have agreed to a far-reaching cooperation agreement that connects the two largest route networks in Latin and South America. As part of this agreement, customers can conveniently connect to Azul’s unrivalled domestic network when flying Copa into and out of Brazil. This agreement means that Copa customers can now potentially access all of Azul’s 101 domestic destinations in Brazil, including 52 destinations not served by any other airline. In the near future, Azul will also place its code on Copa flights into and out of its Panama city hub, allowing Azul’s domestic customers to take advantage of the broadest network in Latin America. The benefits and convenience of a codeshare ticket include those of thru check-in and thru-baggage.

31 October, 2018

EVA and Copa Airlines agree codeshare deal

Two Star Alliance members are coming together for a codeshare deal that commences on 4th November that will benefit the passengers of both carriers.

EVA Air and Copa Airlines have confirmed they will begin a code-sharing agreement on 4 November, 2018, making travel to and from Asia and Panama more convenient and extending services for both airlines’ passengers. Under the codeshare, Copa passengers can take EVA-operated flights to Taipei from Los Angeles, San Francisco, Chicago and New York. Inbound from Asia, EVA passengers can connect through these same cities to fly Copa to Panama City. 

09 August, 2018

Copa sees a big drop in income during 2018 second quarter

Copa announced its financial results for the second quarter of 2018 (2Q18) yesterday and increased fuel costs were blamed for a massive drop in both operating and net income. The airline also confirmed it was in discussions with United and Avianca on a joint venture operation.

Copa reported net income of US$49.9 million for 2018 second quarter whereas it managed US$58.6 million in the same period in 2017. Operating income for 2Q18 came in at US$57.1 million, representing a 27.3 percent decrease over operating income of US$78.6 million last year. 

The carriers load factor increased slightly to 83.5 percent and the airline managed to achieve a very respectable on time performance of 89.9 percent and a flight-completion factor of 99.8 percent, maintaining its position among the best in the industry.

11 May, 2018

Copa Holdings Reports Net Income of $136.5 million and EPS of $3.22 for the First Quarter of 2018

A little earlier this week, Copa Holdings announced financial results for the first quarter of 2018.  The following financial information, unless otherwise indicated, is presented in accordance with International Financial Reporting Standards (IFRS). See the accompanying reconciliation of non-IFRS financial information to IFRS financial information included in the financial tables section of this earnings release. Unless otherwise stated, all comparisons with prior periods refer to the first quarter of 2017.

05 May, 2018

Copa Airlines to resume flights to St Maarten

Copa Airlines announced this week that it will reactivate operations to the Caribbean island of St. Maarten / St Martin starting on 2nd June.

The route had been temporarily suspended in September 2017 due to the effects caused by Hurricane Irma. The airline from Panama will resume operations with two weekly flights and will increase the frequencies during the high season. The route to St. Maarten will depart from Panama on Monday and Saturday under the code CM134, with departure time at 7:24 a.m. and arrival at 11:30 a.m. (St. Maarten time), while the CM133 flight back will operate on Mondays and Saturdays with departure time at 12:29 p.m. and arrival at 2:46 p.m. (Panama time).

“Copa Airlines always trusted that St. Maarten and its inhabitants would recover from the effects of Hurricane Irma. With the restart of our operations to the island, the economic, commercial and tourist reactivation of both St. Maarten and other surrounding areas will be promoted," said Christophe Didier, vice president of sales for Copa Airlines. "Since we started flying to St. Maarten almost eight years ago, this island has become one of the preferred destinations for our passengers to vacation in the Caribbean," Didier added.

22 February, 2018

Copa's Fourth Q Results

Out this week, Copa's fourth quarter results. 

Copa Holdings reported net income of US$100.8 million for 4Q17 or earnings per share (EPS) of US$2.38, as compared to net income of US$90.5 million or earnings per share of US$2.14 in 4Q16. Excluding special items, which for 4Q17 include a non-cash gain of US$0.5 million associated with the mark-to-market of fuel hedge contracts, the Company would have reported a net income of US$100.3 million, or adjusted EPS of US$2.36, compared to an adjusted net income of US$54.7 million or adjusted EPS of US$1.29 in 4Q16.

For full year 2017, net income reached US$370.0 million or EPS of US$8.72, compared to a net income of US$334.5 million or earnings per share of US$7.90 for full year 2016. Excluding special items, which for 2017 include a non-cash gain of US$2.8 million associated with the mark-to-market of fuel hedge contracts, Copa Holdings would have reported an adjusted net income of US$367.2 million or EPS of US$8.66, compared to an adjusted net income of US$201.4 million or adjusted EPS of US$4.75 for full year 2016.

16 February, 2018

Copa's January

Copa Holdings, released its preliminary passenger traffic statistics for January 2018 on Thursday. 

For the month of January 2018, Copa Holdings' system-wide passenger traffic (RPMs) increased 5.8% year over year, while capacity (ASMs) increased 5.4%.  As a result, system load factor for the month was 84.0%, a 0.4 percentage point increase when compared to January 2017.

Copa Holdings is a leading Latin American provider of passenger and cargo services.  The Company, through its operating subsidiaries, provides service to 75 destinations in 31 countries in North, Central and South America and the Caribbean with one of the youngest and most modern fleets in the industry, consisting of 101 aircraft: 81 Boeing 737NG aircraft and 20 EMBRAER-190s.
Operating Data
% Change
Copa Holdings  (Consolidated)

  ASM (mm) (1)
  RPM (mm) (2)
  Load Factor (3)
1.  Available seat miles - represents the aircraft seating capacity multiplied by the number of miles the seats are flown.
2.  Revenue passenger miles - represents the numbers of miles flown by revenue passengers
3.  Load factor - represents the percentage of aircraft seating capacity that is actually utilized 

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12 November, 2017

Copa's 3rd quarter income is over $100 million.

Copa Holdings,  announced its financial results for the third quarter of 2017 (3Q17) on Wednesday showing a net income of US$103.8 million for 3Q17 or earnings per share (EPS) of US$2.45, compared to net income of US$74.0 million or earnings per share of US$1.75 in 3Q16.

06 August, 2017

Teenager couldn't wait to get to the gate!

A male teenage passenger on a Copa Airlines flight that had just landed at San Francisco International Airport Tuesday just couldn't wait to get to the gate. He opened the emergency exit, and climbed out onto the wing and jumped down to sprint across the tarmac apron.

A spokesperson  for the airport, Doug Yakel confirmed that at around 2.30 p.m on Tuesday 1st August,  a 17-year-old male on Copa Airlines flight 208 inbound from Panama City that had landed at the airport left the aircraft through the overwing emergency exit door, jumping down to the tarmac.