By Christopher Kuo
Copa Holdings shares rose after the company posted higher first- quarter profit and operating revenue amid an increase in passenger traffic and capacity.
Shares of the parent company for Copa Airlines rose 13% on Thursday to $130.34. The company's shares are up 8.2% year to date.
The company on Wednesday posted a profit of $212.5 million, compared with $176.8 million a year earlier. Analysts expected a profit of $182.4 million.
Total operating revenue rose to $1.05 billion from $899.2 million a year earlier. Analysts polled by FactSet expected $1.04 billion.
Capacity increased 14% year over year while passenger traffic increased 15%, Chief Executive Pedro Heilbron said.
The company's jet fuel supply is mostly sourced locally, so it hasn't been significantly affected by the conflict in the Middle East, he said.
"In terms of having the availability of the jet fuel, we're in a good position, and in the times we're living, that's actually great," Heilbron said in an earnings call.
Write to Christopher Kuo at chris.kuo@wsj.com
(END) Dow Jones Newswires
May 14, 2026 15:16 ET (19:16 GMT)
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