Copa Holdings, S.A. $(CPA)$ reported its financial results for the second quarter of 2025, showcasing continued profitability and operational excellence. The company achieved a net profit of $148.9 million, translating to an earnings per share $(EPS)$ of $3.61. This marks a 25.2% increase in EPS compared to the same period in 2024. Copa Holdings reported a net margin of 17.7% and an operating margin of 21.0%, reflecting increases of 3.0 percentage points and 1.5 percentage points, respectively, from the previous year. Operating revenues grew by 2.8% year-over-year to $842.6 million, while the load factor increased to 87.3%, up by 0.5 percentage points on a capacity increase of 5.8% in available seat miles (ASMs). Despite a 4.1% decline in passenger yields, the company reported a decrease in revenue per available seat mile (RASM) by 2.8% to 10.7 cents. Operating expenses saw a modest increase of 0.9% year-over-year, totaling $666.0 million, largely due to capacity growth. This was primarily offset by a significant 17.0% reduction in the average fuel price per gallon. The cost per available seat mile (CASM) decreased by 4.6% to 8.5 cents, while CASM excluding fuel rose by 3.2% to 5.8 cents. Strategically, Copa Holdings continues to leverage its geographic position through the Hub of the Americas® in Panama, focusing on low unit costs and passenger-friendly services, including top-tier on-time performance. The company remains well-positioned to expand its network and sustain strong financial performance.