Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Copa Holdings, S.A.    CPA   PAP310761054

Delayed Quote. Delayed  - 03/27 10:02:01 pm
108.74 USD   -0.37%
03/13 COPA S A : Holdings Announces Monthly Traffic Statistics For Februar..
02/27 COPA S A : Cpa) Shares Bought by Bamco Inc. Ny
02/24 COPA HOLDINGS, : ex-dividend day
News SummaryMost relevantAll newsSector newsTweets 

Colombia Reaches Labor Deal With Air Traffic Controllers

share with twitter share with LinkedIn share with facebook
share via e-mail
02/20/2012 | 01:23pm CEST

Colombia's government has reached a labor deal with air traffic controllers to end a standoff that forced the country's dominant airline, Avianca, to cancel nearly 150 flights over the past five days, stranding thousands of passengers.

Santiago Castro, head of civil aviation authority Aerocivil, told local television on Monday the deal to end the dispute, which began several weeks ago over air traffic controllers' salaries, was agreed to around midnight on Sunday. It should allow flight schedules throughout the country to immediately return to normal, he said.

Air traffic controllers, who are government employees, enacted a "turtle plan" in recent weeks in which they purposely worked slowly or called in sick en masse to pressure the government to increase their salaries and hire more employees. Controllers say they've been overworked and underpaid in recent years as Colombia's gaining economy led to a sharp rise in air traffic.

Avianca, Colombia's flagship airline which is responsible for more than half of all passenger air traffic, bore the brunt of the strike by controllers. It canceled an average of nearly 30 domestic flights a day starting Wednesday, and in a statement that day it urged the government to resolve the dispute with controllers.

No international flights were affected by the strike.

Other top carriers such as Lan Colombia, which is part of the Chilean flagship carrier LAN Airlines SA (LFL, LAN.SN) and Copa Colombia, which is part of the Panamanian airline group Copa Holdings (>> Copa Holdings, S.A.), were hardly affected by the strike.

Avianca is the main carrier of the airline group AviancaTaca Holding SA (PFAVTA.BO). Its shares on the Colombian Stock Exchange closed down 0.2% Friday compared with a 0.3% rise in the bourse's main Colcap index.

Much of the increase in air traffic has been in international flights. Colombia is seeing more than double the amount of international flyers it saw a decade ago when a drug trafficking-fueled guerrilla conflict kept away most foreigners. But a military offensive against the rebels has helped reduce the level of guerrilla-linked violence considerably in recent years, encouraging more foreign travelers to visit.

-By Dan Molinski, Dow Jones Newswires; 57-310-867-6542; dan.molinski@dowjones.com

Stocks mentioned in the article : Copa Holdings, S.A., Lan Airlines S.A.
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on COPA HOLDINGS, S.A.
03/13 COPA S A : Holdings Announces Monthly Traffic Statistics For February 2017
02/27 COPA S A : Cpa) Shares Bought by Bamco Inc. Ny
02/24 COPA HOLDINGS, S.A. : ex-dividend day
02/16 COPA S A : Holdings tops Street 4Q forecasts
02/15 COPA S A : Holdings Reports Net Income of $95.8 million and EPS of $2.26 for the..
02/15 COPA S A : Holdings Announces Monthly Traffic Statistics For January 2017
01/17 COPA S A : Holdings Announces Fourth Quarter Financial Results Release Schedule
01/12 COPA S A : Holdings (CPA) Gains as Traffic Increases
01/12 COPA S A : Holdings Announces Monthly Traffic Statistics for December 2016
2016 COPA S A : Holdings Announces Monthly Traffic Statistics For November 2016
More news
Sector news : Airlines - NEC
03/22 Laptop ban hits Gulf airlines in battle for business travellers
03/20 EU plans to relax rules on airlines' transatlantic wet leasing deals
03/17 BA owner IAG to launch low-cost flights from Barcelona in June
03/17 Air France-KLM, 10 other airlines hit with 776 million euro EU fine
03/17 Airbus says engine issue will not affect A320neo deliveries
More sector news : Airlines - NEC
News from SeekingAlpha
03/15 Global airline stocks take flight
03/09 Global airline traffic surges
02/28 COPA HOLDINGS : Getting Too Expensive
02/23 Copa Holdings goes ex-dividend tomorrow
02/16 Copa Holdings's (CPA) CEO Pedro Heilbron on Q4 2016 Results - Earnings Call T..
Financials ($)
Sales 2017 2 444 M
EBIT 2017 397 M
Net income 2017 319 M
Debt 2017 723 M
Yield 2017 2,12%
P/E ratio 2017 14,14
P/E ratio 2018 12,71
EV / Sales 2017 2,17x
EV / Sales 2018 1,97x
Capitalization 4 589 M
More Financials
Duration : Period :
Copa Holdings, S.A. Technical Analysis Chart | CPA | PAP310761054 | 4-Traders
Full-screen chart
Technical analysis trends COPA HOLDINGS, S.A.
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus HOLD
Number of Analysts 20
Average target price 106 $
Spread / Average Target -3,0%
Consensus details
EPS Revisions
More Estimates Revisions
Pedro Heilbron Chief Executive Officer & Executive Director
Stanley A. Motta C. Chairman
Daniel Gunn Senior Vice President-Operations
Jose Montero Chief Financial Officer
Julio Toro Vice President-Technology
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
COPA HOLDINGS, S.A.20.16%4 589
DELTA AIR LINES, INC.-6.49%34 450
AIR CHINA LTD.21.11%16 488
More Results