CPA · NYSE · Airlines, Airports & Air Services

Copa (CPA)

Connects the Americas through a Panama City hub and Colombian airline operations.

$135.13
After hours−0.28 (−0.21%)
At close$135.41(−1.24%)
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Copa Holdings, S.A.CPA
Industrials

Passenger air travel operates through Copa Airlines’ Panama City hub, with cargo and mail alongside the core passenger network. Copa Airlines Colombia connects Colombian traffic to the hub and operates Wingo’s low-cost services in Colombia and regional markets.

Passenger air travel is operated principally through Copa Airlines from Panama City, using the Hub of the Americas to connect North, Central, and South America with the Caribbean. Cargo, mail, and other activities complement the passenger network, while the Panama City hub consolidates traffic for routes that may lack point-to-point demand.

Copa Airlines Colombia connects Colombia with the Panama hub and operates Wingo's low-cost service in Colombia and regional cities. The group depends on continued commercial access to the Panama hub and traffic flows across the Americas; passenger transport remains the core of its revenue mix.

Company facts

CEOPedro Heilbron
ListedDec 14, 2005
ExchangeNYSE
HeadquartersPanama City, Panama
CountryPanama
Employees8,565
CIK0001345105
ISINPAP310761054

Market cap$5.65B
EPS (ttm)$15.22
P/E (ttm)9.01
ROE22.4%
P/B1.97
P/S1.42
Dividend yieldDiv yield4.92%
Beta1.74vs XLI 0.71

Price target$185.00+36.2%Average of 30 analysts
ConsensusBuy23 of 30 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 24, 2026Raymond JamesReiterate
Rating: Target: $195
Rating: Strong BuyTarget: $185
Jul 14, 2026Raymond JamesReiterate
Rating: Target: $164
Rating: Strong BuyTarget: $195
Jun 18, 2026JefferiesTarget
Target:
Target: $185
May 25, 2026UBSTarget
Target: $185
Target: $195
May 15, 2026Evercore ISITarget
Target: $185
Target: $175

Next report
Nov 18, 26
in 57 days
EPS estimate
$4.20
Revenue estimate
$1.17B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$3.99$4.28$3.61$4.20$4.18$5.16$1.67Pending
Estimate$3.84$3.77$3.25$4.03$4.44$4.14$1.88$4.20
Surprise+3.9%+13.5%+11.1%+4.2%−5.9%+24.6%−11.2%

RevenueReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$878.6M$899.2M$842.6M$913.1M$962.9M$1.05B$1.06BPending
Estimate$887.0M$887.9M$915.2M$915.8M$959.1M$1.04B$1.08B$1.17B
Surprise−0.9%+1.3%−7.9%−0.3%+0.4%+1.5%−1.9%
Estimate$4.20
ReportedDue Nov 18, 2026
Estimate$1.17B
ReportedDue Nov 18, 2026
View details

Debt to equity17.20%
Current ratio106.40%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$854.7M$878.6M$899.2M$842.6M$913.1M$962.9M$1.05B$1.06B
Net income$146.0M$165.8M$176.8M$148.9M$173.4M$172.6M$212.5M$68.2M
Net margin17.1%18.9%19.7%17.7%19.0%17.9%20.2%6.4%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$173.7M$203.8M$213.8M$176.6M$212.3M$216.2M$258.6M$91.7M
YoY growth−15.3%−4.9%−1.0%+10.7%+22.2%+6.1%+21.0%−48.1%

Balance sheet, Jun 30, 2026Cash & short-term investments $1.26B · Total debt $495.5M · Total assets $7.14B · Shareholders' equity $2.87B

Revenue
$1.06B
Operating income
$91.7M
Net income
$68.2M
View details

Dividend yield
4.92%
Next ex-date
Nov 30, 26
estimated · in 69 days
Annual dividend
$6.74
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yield

Dec '24Feb '25May '25Aug '25Dec '25Feb '26May '26Aug '26
Dividend$1.61$1.61$1.61$1.61$1.61$1.71$1.71$1.71
Annual yield7.08%6.93%5.98%5.49%5.39%4.72%4.65%5.33%
Ex-dateDec 2Feb 28May 30Aug 29Dec 1Feb 27May 29Aug 31
Payment dateDec 13Mar 14Jun 13Sep 15Dec 15Mar 13Jun 15Sep 15
View details

Institutions≈ 123.75%50.91M ADS
345 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Insiders1.96%806.3K ADS
13 holders · as of Apr 7, 2026
Adds to125.71%

41.14M ADS (1 ADS = 2 ordinary shares) as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.

These groups come from separate filings that can overlap, so they add to 125.71%; nothing is left for Other.

This company has 3 share classes; every stake here is a share of the whole company.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Capital World InvestorsInstitution
13.89%2.86M A ADS · 2.86M A ADSas of Jun 30, 2026
Baillie Gifford & CoInstitution
11.94%2.46M A ADS · 2.46M A ADSas of Jun 30, 2026
JPMorgan Chase & CoInstitution
7.49%1.54M A ADS · 1.54M A ADSas of Jun 30, 2026
Dimensional Fund Advisors LPInstitution
7.07%1.45M A ADS · 1.45M A ADSas of Jun 30, 2026
Sprucegrove Investment Management LtdInstitution
7.06%1.45M A ADS · 1.45M A ADSas of Jun 30, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

View details

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CompanyPriceChange
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