Copa holdings sa says for the quarter ended march 31, 2020, expect to report operating profit of about $98.7 million

Copa holdings sa - for the quarter ended march 31, 2020, expect to report operating profit of about $98.7 million.copa holdings sa - for quarter ended march 31, 2020, expect to report perating margin of about 16.6%.copa holdings sa - for quarter ended march 31, 2020, expect to report total revenues of about $595.5 million.copa holdings sa - as of march 31, 2020, co had about $1.13 billion in cash, cash equivalents, and short-term and long-term investments.copa holdings sa - on april 26, board decided to postpone payment of dividends for the remaining quarters of 2020.copa holdings sa - expect to reduce monthly cash burn rate by significantly reducing number of flights.copa holdings sa - suspending capital expenditures for the remainder of 2020.copa holdings sa - reducing fixed and variable expenses.copa holdings sa - are currently in discussions with boeing with respect to the impact of the grounding of the boeing 737 max aircraft.copa holdings sa - covid-19 crisis has already had several significant effects on business and financial condition.copa holdings sa - generally operated at normal capacity levels in the first two months of the first quarter of 2020.copa holdings sa - in march, co began to see a drop in traffic due to the covid-19 pandemic.copa holdings sa - available seat miles decreased 35.7% in march 2020 compared to march 2019.copa holdings sa - load factor for march was 73.4%, 9.9 percentage points lower than march 2019.
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