Copa Holdings (CPA +8.3%) trades higher after posting a solid Q1 earnings beat late yesterday....

|About: Copa Holdings, S.A. (CPA)|By:, SA News Editor

Copa Holdings (CPA +8.3%) trades higher after posting a solid Q1 earnings beat late yesterday. Total revenues increased 18.0%, while its bottom line benefited from stronger margins. Yield per passenger mile decreased 0.8%, and operating revenue per available seat mile decreased 1.5%, but when adjusted for a 6.3% increase in length of haul, yields and RASM increased 2.2% and 1.5%, respectively. Deutsche Bank ups the shares to Buy on the back of the report, and Evercore raises its rating to Overweight.