praise for overcoming the crisis of the 21 Max unemployed

Copa has become an attractive company for the international market, because despite the macroeconomic circumstances, the airline has been able to overcome crises such as the pandemic. The stock reached USD 110.00 per share and is projected to reach USD 180 in the next 18 months, which is why New York analysts already recommend buying these shares.

“In the last 12 months, the share price has fluctuated between USD 78 and USD 121. Despite the ups and downs of the industry, the graph shows sustainable appreciation. These results reflect a solid performance, standing out not only for the growth in passengers, but also for the reduction in the cost and expense structure, which has made the operation a much more efficient model,” said economist Carlos Araúz.

And added Araúz indicated that “the value of an action is much more than the result of a successful model; It is also based on the trust that the company inspires. Copa Airlines has demonstrated consistency and a strong will to do things well, overcoming obstacles such as the crisis experienced when 21 Max 9 planes were temporarily shut down,” said the financial advisor, as reported by ECO.

As reported REPORTUR.coCopa recently released the financial results for the first quarter of 2024, where it highlighted a negative impact of approximately USD 44 million, related to having grounded 21 Boeing 737 Max 9 aircraft in January, although this amount does not include any compensation from the manufacturer. during this period. (Copa lost USD 44 M for 21 Boeings that it left on the ground).

However, in the report the airline highlighted that in April it reached a confidential agreement with Boeing for the manufacturer to cover the impact of the partial immobilization of its fleet. The value of this compensation will be in accordance with the depreciation amount and the income statement, the company points out.