Earnings PerformanceCopa reported 3Q25 EPS of $4.20, beating analyst estimates by 2.0% and consensus by 5.4%.
Loyalty ProgramLoyalty revenue was buoyed by the renewal of the company's ConnectMiles co-branded credit card agreement, which management estimated drove approximately half of the year-over-year growth in loyalty revenues.
Market GrowthManagement noted that they view the growth as lower risk with about 50% driven by annualizing new markets added in 2025, 40% from incremental frequencies added to existing routes, and 10% from new markets.