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Copa Holdings' CEO Discusses Q3 2011 Results - Earnings Call Transcript

Stocks in this article: CPA

Also, on the operational front, during the third quarter, we took delivery of five Boeing 737-800. As a result, our fleet at the end of the quarter stood at 71 aircrafts, 45 Boeing NG's and 26 Embraer-190s with an average age of less than five years. In addition, in October, we took delivery of our ninth 800 this year, and with one more delivery scheduled in November we expect to end the year with a fleet of 73 aircraft.

For the quarter, Copa Holdings reported on-time performance of 91.3% and a flight-completion factor of 99.6%, which once again places us among the best in the industry. In short, we had a great quarter financially and operationally, and as you can see from our recently released October traffic figures where international traffic grew more than 20% year-over-year the main trends continue to be favorable in the fourth quarter.

Our 2012 growth trends incorporate several new destinations. As we continue reinforcing what is currently the most complete and convenient intra-Latin American network. We will also keep working on product and cost initiative that would further improve our long term competitive position.

Read the rest of this transcript for free on seekingalpha.com

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