Industry-Leading Profitability
Copa Holdings achieved an operating margin of 23.2%, up 2.9 percentage points year-over-year, and a net margin of 19%, up 1.9 percentage points year-over-year.
Capacity and Operational Efficiency
Capacity in ASMs increased 5.8% compared to Q3 '24, with a load factor increase of 1.8 percentage points to 88%. Operationally, Copa Airlines delivered an on-time performance of 89.7% and a flight completion factor of 99.8%.
Financial Strength
Net profit increased by 18.7% year-over-year to $173 million or $4.20 per share. Operating income was $212 million, 22.2% higher year-over-year.
Fleet Expansion
Copa took delivery of five 737 MAX 8 aircraft, increasing its fleet to 123 aircraft with plans to end 2025 with 124 aircraft and expand to 132 by the end of 2026.
Strong Cash Position
Copa ended the quarter with $1.3 billion in cash, short-term, and long-term investments, representing 38% of the last 12-month revenues.