Strong Financial Performance
Copa Holdings reported a 21% operating margin and a 17.7% net margin, among the best in the industry. Net profit was $149 million, or $3.61 per share, representing a 25% year-over-year increase.
Operational Excellence
Copa Airlines achieved a world-leading on-time performance of 91.5% and a flight completion factor of 99.8%.
Fleet Expansion
The company took delivery of 3 Boeing 737 MAX-8 aircraft, bringing the total fleet to 115 aircraft, with plans to expand to 125 by year's end. Financing for all 2025 deliveries has been secured.
Financial Flexibility
Copa Holdings ended the quarter with $1.4 billion in cash, representing 39% of the last 12-month revenue, and an industry-leading adjusted net debt-to-EBITDA ratio of 0.6x.
Recognition and Awards
Copa was recognized by Skytrax for the 10th consecutive year as the Best Airline in Central America and the Caribbean.