Copa Holdings GAAP EPS of $5.16 beats by $1.20, revenue of $1.05B beats by $20M

Copa Holdings reported Q1 GAAP EPS of $5.16, exceeding estimates by $1.20, with revenue of $1.05B, beating expectations by $20M. The operating margin was 24.6% and net margin 20.2%, both showing slight year-over-year increases. Capacity grew by 14% and passenger traffic by 15%, leading to a load factor of 87.2%. The company ended the quarter with $1.5 billion in cash and investments, representing 40% of last year's revenues, and a net debt to EBITDA ratio of 0.7. Two new Boeing 737-MAX 8 aircraft were added to the fleet, totaling 127 aircraft.