Latin American Carriers Copa and Volaris Down Despite Oil Price Shock

Bank of America recommends Latin American carriers Copa Holdings S.A. and Volaris despite the recent oil price shock. Copa and Volaris have both dropped more than 15% since the Iran conflict and oil price increase began. Bank of America estimates that changes in oil prices could result in an 8% decrease in Latin American carriers' revenue. However, the bank believes that Copa and Volaris are well-positioned to handle the impact and maintain their market share.