Copa Holdings SA (NYSE:CPA)
$ 153.05 -2.52 (-1.62%) Market Cap: 6.24 Bil Enterprise Value: 7.33 Bil PE Ratio: 8.92 PB Ratio: 2.17 GF Score: 86/100

Q4 2025 Copa Holdings SA Earnings Call Transcript

Feb 12, 2026 / 04:00PM GMT
Release Date Price: $150.47 (-0.09%)

Key Points

Positve
  • Copa Holdings SA (CPA) reported a net profit of $172.6 million for the fourth quarter, marking a 5.3% increase in earnings per share compared to the same period in 2024.
  • The company achieved an operating margin of 21.8% for the quarter, demonstrating strong operational efficiency.
  • Copa Holdings SA (CPA) was recognized for the 11th time as the most on-time airline in Latin America, with an on-time performance of 90.75%.
  • The company expanded its network by adding new destinations and increasing frequencies, strengthening its position as a leading hub for travel within the Americas.
  • Copa Holdings SA (CPA) maintains a strong financial position with total cash and investments of $1.6 billion, representing 44% of the last 12 months' revenues.
Negative
  • The company reported a foreign currency loss of $6 million due to the devaluation of the Brazilian real, although this has since recovered.
  • Unit revenues (RASM) decreased by 2.6% for the full year 2025, indicating pressure on revenue generation per available seat mile.
  • Copa Holdings SA (CPA) faces challenges with currency volatility in South America, which can impact demand and yields.
  • The company anticipates a flat unit revenue outlook for 2026 despite a planned double-digit capacity expansion, reflecting potential challenges in maintaining revenue growth.
  • Copa Holdings SA (CPA) is cautious about the impact of geopolitical and economic uncertainties in regions like Venezuela, which could affect operational stability.
Operator

Ladies and gentlemen, thank you for standing by. Welcome to Coppo Holdings 4th quarter earnings call. During the presentation, all participants will be in listen-only mode.

Afterwards, we will conduct a question answer session.

At that time, if you have a question, you will have to press 11 on your touchtone phone.

As a reminder, this call is being webcast and recorded on February 12, 2026.

Now I'll turn the conference call over to Daniel Tapia, director of Investor relations. Sir, you may begin.

Daniel Tapia
Copa Holdings SA - Director of Investor Relations

Thank you, Marvin, and welcome everyone to our 4th quarter and full year earnings call.

Joining me today are Mr. Pedro Hebron, CEO of Copa Holdings, and Peter Dunkersloot, our CFO.

First, that will go.

But through our 4th quarter and full year highlights, followed by Peter, who will discuss our financial results in more detail. Immediately after, we will open the call for questions from analysts. As a reminder, COPpa Holdings financial

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