Copa Holdings reported FY 2025 net profit of USD 671.6 million (+10.4%) and operating profit of USD 819.0 million (+8.8%), with an operating margin of 22.6% (up 0.8 points). Profit before income taxes was 21.4% of total operating revenues, while income tax expense totaled USD 104.0 million. FY 2025 total revenue was USD 3.6 billion (+5.0%). Passenger revenue was USD 3.4 billion (+4.2%), driven by a 9.9% increase in passengers and a 5.2% decrease in passenger average fare. Cargo and mail revenue rose to USD 115.7 million (+15.1%), supported by higher cargo volumes and the addition of a second freighter operation in service during the latter part of the year; other operating revenue increased to USD 70.9 million (+35.4%) on higher frequent flyer program partnership revenues. FY 2025 operating expenses were USD 2.8 billion (+3.9%), including fuel expense of USD 932.3 million (-1.8%) with an average jet fuel price of USD 2.45 per gallon (excluding hedge), and wages and benefits of USD 502.0 million (+6.7%) reflecting higher headcount and cost-of-living adjustments. Maintenance, materials and repairs were USD 156.7 million (+48.0%), primarily due to a non-cash adjustment in 2024 related to the future return of leased aircraft and higher flight hours. For liquidity and fleet updates, cash, cash equivalents and short-term investments were USD 1.3 billion as of Dec. 31, 2025 (up USD 138.9 million). The group ended 2025 with a fleet of 125 Boeing 737 aircraft across Copa Airlines and Wingo, took delivery of 12 Boeing 737 MAX aircraft during 2025, and had firm orders to purchase 85 Boeing 737 MAX aircraft for delivery between 2026 and 2034.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. COPA Holdings SA published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001345105-26-000019), on February 26, 2026, and is solely responsible for the information contained therein.