Copa Holdings SA (CPA) surged 5.28% in pre-market trading following the release of its first-quarter 2026 financial results, which significantly exceeded analyst expectations.

The Latin American airline reported quarterly earnings of $5.16 per share, beating the consensus estimate of $4.61 by 11.93% and representing a 20.56% increase from the same period last year. Revenue also outperformed forecasts, coming in at $1.052 billion compared to the expected $1.033 billion, marking a 17% year-over-year increase.

The strong quarterly performance, highlighted by substantial beats on both top and bottom lines, drove investor optimism and contributed to the pre-market price movement.