Company Quick10K Filing
Copa Holdings
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 -0 $-0
20-F 2019-04-24 Annual: 2018-12-31
20-F 2018-04-18 Annual: 2017-12-31
20-F 2017-04-24 Annual: 2016-12-31
20-F 2016-05-02 Annual: 2015-12-31
20-F 2015-04-30 Annual: 2014-12-31
20-F 2014-04-29 Annual: 2013-12-31
20-F 2013-04-29 Annual: 2012-12-31
20-F 2012-04-16 Annual: 2011-12-31
20-F 2011-05-17 Annual: 2010-12-31
20-F 2010-03-17 Annual: 2009-12-31

Copa Holdings Financials

CPA Metrics, Comps, Filings

Annual | Quarterly

Business

Copa was established in 1947 by a group of Panamanian investors and Pan American World Airways, which provided technical and economic assistance as well as capital. Initially, Copa served three domestic destinations in Panama with a fleet of three Douglas C-47 aircraft. In the 1960s, Copa began its international service with three weekly flights to cities in Costa Rica, Jamaica and Colombia using a small fleet of Avro 748s and Electra 188s. In 1971, Pan American World Airways sold its stake in Copa to a group of Panamanian investors who retained control of the airline until 1986. During the 1980s, Copa suspended its domestic service to focus on international flights.

In 1986, CIASA purchased 99% of Copa, which was controlled by the group of Panamanian shareholders who currently control CIASA. From 1992 until 1998, Copa was a part of a commercial alliance with Grupo TACA's network of Central American airline carriers. In 1997, together with Grupo TACA, Copa entered into a strategic alliance with American Airlines. After a year our alliance with American Airlines was terminated by mutual consent.

On May 6, 1998, Copa Holdings, S.A., the holding company for Copa and related companies was incorporated as a sociedad anónima under the laws of Panama to facilitate the sale by CIASA of a 49% stake in Copa Holdings to Continental. In connection with Continental's investment, we entered into an extensive alliance agreement with Continental providing for code-sharing, joint marketing, technical exchanges and other cooperative initiatives between the airlines. At the time of our initial public offering in December 2005, Continental reduced its ownership of our total capital stock from 49% to approximately 27.3%. In a follow-on offering in June 2006, Continental further reduced its ownership of our total capital stock from 27.3% to 10.0%. In May 2008, Continental sold its remaining shares in the public market. In March 2010, CIASA sold 4.2% of its interest and as of December 31, 2018 held 25.9% of our total capital stock.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Azul (AZUL) 25,036 0% 11,793 0 0 0 0 24,665
United Continental (UAL) 23,093 0% 5.9 5% 52,199 40,898 42,862 0 2,831 5,786 34,354
American Airlines Group (AAL) 12,077 0% 8.5 3% 61,175 61,015 45,393 0 1,597 4,307 36,536
Alaska Air Group (ALK) 8,020 0% 7.1 5% 12,983 7,287 6,553 0 588 1,150 8,118
Jetblue Airways (JBLU) 5,070 0% 5.1 5% 11,319 6,555 6,062 0 577 1,159 5,950
Spirit Airlines (SAVE) 2,489 0% 6.4 5% 6,575 4,395 3,724 0 346 585 3,757
Skywest (SKYW) 2,946 13% 12.5 0% 6,598 4,481 3,032 387 0 451 5,647
Life Time Fitness (LTM) 2,775 9% 11.8 4% 2,729 1,599 1,310 124 111 333 3,942
Allegiant Travel (ALGT) 2,391 0% 8.8 6% 2,834 2,008 1,380 0 172 398 3,496
Air Transport Services (ATSG) 1,508 0% 8.3 4% 2,745 2,264 1,330 0 101 350 2,913
Hawaiian Holdings (HA) 1,251 71% 4.1 4% 4,065 2,998 2,822 2,004 174 356 1,444
Mesa Air (MESA) 241 0% 5.3 3% 1,452 1,026 723 0 48 197 1,051
Air T (AIRT) 42 0% 3.6 7% 143 109 246 0 10 25 91
EHang Holdings (EH)
Ryanair Holdings (RYAAY) 0% 13,251 8,036 0 0 0 0 -35
China Southern Airlines (ZNH) 0% 246,949 168,480 0 0 0 0 -6,909
Copa Holdings (CPA) 0% 4,087 2,247 0 0 0 0 -0
Volaris (VLRS) 0% 22,311 13,139 0 0 0 0 -0
Avianca Holdings (AVH) 0% 7,119 6,126 0 0 0 0 -265
China Eastern Airlines (CEA) 0% 239,017 177,416 0 0 0 0 -0

Balance Sheet ($MM)2017-12-312018-12-31
Cash
Accounts Receivable
Inventory
PP&E
Assets4,2534,087
Accounts Payable
Long-Term Debt
Liabilities2,1412,247
Stockholders' Equity
Income Statement ($MM)2017-12-312018-12-31
Revenue2,5282,678
Cost of Revenue
Gross Profit
R&D
SG&A
Tax
Net Income37088
Cash Flow ($MM)2017-12-312018-12-31
Cash Operating
Cash Investing
Cash Financing