Copa Holdings S.A. (CPA)
NYSE:CPA
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Earnings Data
Report Date
Aug 12, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.74Last Year’s EPS
3.61Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented strong operational and financial results (record net profit, double-digit capacity/traffic growth, high load factor, improved RASM, and industry-leading operating margin) alongside a robust balance sheet and continued fleet/network expansion. However, the company faces meaningful near-term headwinds from sharply higher and volatile jet fuel prices that raise Q2 margin risk (guidance of 8%–12% vs. Q1 at 24.6%) and only partial short-term pass-through of fuel costs. Management highlighted cost discipline and confidence in recovering a substantial portion of fuel cost by year end, but acknowledged uncertainty tied to fuel curves.Company Guidance
Record Net Profit and EPS Growth
Reported record net profit of $212 million and EPS of $5.16, representing a 20.5% year-over-year increase in earnings per share; net margin was 20.2%, up 0.5 percentage points versus Q1 2025.
Industry-Leading Operating Margin
Operating profit of $258 million produced an operating margin of 24.6%, 0.8 percentage points higher than Q1 2025, demonstrating strong profitability despite a higher fuel environment.
Strong Demand, Capacity and Traffic Growth
Capacity (ASMs) increased 14% year-over-year and passenger traffic rose 15% year-over-year, producing a load factor of 87.2% (up 0.8 percentage points).
Revenue Strength (RASM and Yield)
Passenger yield increased 1.6% year-over-year and RASM was 11.8¢, up 2.7% versus Q1 2025, reflecting resilient pricing and demand.
Cost Discipline — CASM Excluding Fuel
Unit cost per ASM excluding fuel (CASM ex-fuel) declined 1.0% to 5.8¢ year-over-year, showing continued cost control and benefits from capacity dilution and sales/distribution initiatives.
Operational Excellence and Reliability
Delivered on-time performance of 91.6% and a flight completion factor of 99.7%, positioning Copa among the top-performing airlines on operational metrics.
Fleet & Network Growth and Long-Term Fleet Order
Took delivery of Boeing 737 MAX 8 aircraft during the quarter (2 in Q1, 2 additional in Q2 reported) and announced a new order for 40 firm aircraft plus 20 options (deliveries 2030–2034); network resumed service to multiple Venezuelan cities and will serve 87 destinations in 32 countries.
Strong Balance Sheet and Shareholder Returns
Ended the quarter with approximately $1.5 billion in cash and investments (~40% of LTM revenues, excluding ~$700 million in pre-delivery deposits) and adjusted net debt/EBITDA of 0.7x; average cost of aircraft-related debt ~3.6%; returned value via a $1.71/share dividend and $45 million of share repurchases (~1% of shares outstanding).
CPA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CPA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 13, 2026 | $114.92 | $135.51 | +17.92% |
Feb 11, 2026 | $148.86 | $148.73 | -0.09% |
Nov 19, 2025 | $123.33 | $110.33 | -10.54% |
Aug 06, 2025 | $107.89 | $111.92 | +3.74% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Copa Holdings S.A. (CPA) report earnings?
Copa Holdings S.A. (CPA) is schdueled to report earning on Aug 12, 2026, After Close (Confirmed).
What is Copa Holdings S.A. (CPA) earnings time?
Copa Holdings S.A. (CPA) earnings time is at Aug 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CPA EPS forecast?
CPA EPS forecast for the fiscal quarter 2026 (Q2) is 1.74.