Initiating Coverage on Latin American Carrier Copa Holdings

On May 29, we initiated coverage on Copa Holdings, S.A. CPA. The company is benefiting from the robust demand for air travel, courtesy of the improving Latin American economy. However, headwinds like high fuel costs and multiple flight cancellations due to the recent Venezuelan crisis have ensured a Zacks Rank #3 (Hold) for this airline company. Copa Holdings, through its main subsidiaries — Copa Airlines and Copa Colombia —   offers airline passenger and cargo services.