)
Copa Holdings (CPA) investor relations material
Copa Holdings Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Delivered strong financial and operational results for Q4 and full year 2025, supported by robust demand and disciplined cost management.
Achieved net profit of $172.6M in Q4 and $671.6M for full year 2025, with EPS of $4.18 in Q4 and $16.28 for the year.
Recognized as the most on-time airline in Latin America for the eleventh time, with a 90.75% on-time performance in 2025.
Expanded network with new routes and increased frequencies, reinforcing the Hub of the Americas' position.
Financial highlights
Q4 net profit: $172.6M ($4.18/share), up 5.3% EPS year-over-year; operating profit: $209.6M; operating margin: 21.8%.
Excluding non-cash and FX items, Q4 net profit: $184.1M ($4.46/share); operating margin: 22.5%.
Full-year 2025 net profit: $671.6M ($16.28/share), up 11.9% EPS; operating income: $819M (+8.8% YoY); operating margin: 22.6%.
Q4 RASM: $0.113 (flat YoY); CASM: $0.088 (+1.6% YoY); ex-fuel CASM: $0.059 (+0.7% YoY).
Ended 4Q25 with $1.6B in cash, short- and long-term investments, representing 44% of last twelve months' revenues.
Outlook and guidance
2026 capacity growth expected at 11%-13% YoY, with 90% from 2025 additions and increased frequencies.
2026 operating margin guidance: 22%-24%; load factor: ~87%; unit revenues: ~$11.2; ex-fuel CASM: ~$5.7.
Board approved 2026 quarterly dividend of $1.71/share, to be paid in March, June, September, and December.
All-in fuel price assumption: $2.50/gallon.
Wi-Fi onboard service to launch in October 2026.
Next Copa Holdings earnings date
Next Copa Holdings earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)