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Stock Market & Financial Investment News

News Breaks
March 6, 2014
12:48 EDTAVH, CPACopa sinks after Maduro cuts ties with Panama
Copa Holdings (CPA), the owner of Copa Airlines and Copa Colombia, is trading sharply lower after Venezuela’s President Nicolas Maduro last night announced he had severed diplomatic and trade relations with Panama. Copa Airlines operates from Panama and Copa Colombia provides service within Colombia and international flights from various cities in Colombia to Panama, Venezuela, and other South American countries. WHAT’S NEW: In televised remarks made last night, Maduro accused Panama of being a “lackey” for the U.S. in a conspiracy plot against Venezuela, according to media reports. Maduro said he was cutting off diplomatic and political ties with the Central American nation and freezing trade relations. Maduro’s statement comes after weeks of anti-government protests in Venezuela. In a statement, Panama’s government denied Maduro’s accusations. ANALYST REACTION: In a note to investors, analysts at Citigroup called Venezuela’s decision to sever ties with Panama a “stunning turn of events.” Citi said Venezuela’s actions go against the firm’s previous belief that the country was eager to maintain international commercial air service and this new political posture materially increases operating uncertainties for Copa. As a result, the firm downgraded shares of Copa to Neutral from Buy and cut its price target on the stock to $148 from $170. PRICE ACTION: Shares of Copa opened the session lower and promptly dropped further. In early afternoon trade shares are near their worst levels, down $11.32, or 8.4%, to $123.55. Prior to today’s drop, shares of Copa were down about 15% year-to-date. OTHERS TO WATCH: U.S.-listed shares of Avianca Holdings (AVH), the largest airline in Colombia, Venezuela’s western neighbor, are also lower following Maduro’s comments. Avianca fell about 4%, to $16.51 in early afternoon trade.
News For CPA;AVH From The Last 14 Days
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March 2, 2015
12:50 EDTAVHAvianca sees FY15 total passenger increase 6%-8% y/y
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12:48 EDTAVHAvianca reports Q4 revenue $1.24B, consensus $1.24B
Reports 6.91M passengers; $10.59B ASKs; $8.42B RPKs; load factor 79.6%; RASK 11.7c; CASK 10.6c. Reports fuel price per gallon including hedge $2.84.
February 27, 2015
08:57 EDTAVHAvianca management to meet with JPMorgan
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08:55 EDTAVHAvianca management to meet with JPMorgan
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February 25, 2015
10:41 EDTAVHAvianca and its subsidiaries transported 2.36M passengers in January
In January, the subsidiary companies of Avianca transported 2,360,600 passengers, up 8.9% compared to January 2014. Capacity, measured in ASKs, increased 7.2%, while passenger traffic, measured in RPKs, increased 8.2%. The load factor for the month was 81.9%. In January, the subsidiary airlines of Avianca Holdings transported within these markets a total of 1,402,424 travelers, up 13.3% compared to January 2014. Capacity increased 14.5%, while passenger traffic increased 12.7%. As a result, the load factor for the month was 76.1%. In January, the affiliated airlines of Avianca Holdings transported 958,176 passengers on international routes, up 3.1% compared to January 2014. Capacity increased 5.3%, while passenger traffic increased 7.1%. The load factor for the month was 83.6%.

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