Shares of Copa Holdings, S.A. (CPA) jumped 3.1% during Wednesday’s extended trading session after the airlines company delivered stronger-than-expected third-quarter results. Q3 Performance Notably, adjusted earnings of $0.70 per share significantly beat analysts’ expectations of $0.11 per share, and an adjusted loss of $0.38 per share in the same quarter last year. See Copa Holdings stock charts on TipRanks) Further, revenues jumped 46.3% sequentially to $445 million, exceeding consensus estimates of $371.6 million. Notably, revenues were down 37% against the corresponding pre-pandemic period in 2019. Measured in available seat miles (ASMs), flight operations came in at 68.9% of the capacity flown during the same period in 2019.
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Copa (NYSE:CPA)
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