Copa Holdings, the parent company of Copa Airlines and Wingo, released its financial results for the second quarter of 2025 (Q2 2025) on Wednesday, reaffirming its position as one of the most profitable and efficient airlines in the region. The company reported a net profit of $148.9 million, equivalent to earnings per share of $3.61, marking a 25.2% increase compared to the same period last year.
Additionally, Copa achieved a net margin of 17.7% and an operating margin of 21.0%. These figures represent increases of 3.0 and 1.5 percentage points, respectively, over the second quarter of 2024, underscoring its strong financial performance in an increasingly competitive operating environment.
Efficient Costs, Stable Revenue
During the quarter, revenue per available seat mile (RASM) stood at 10.7 cents, a 2.8% decline year-over-year. However, the company reduced its cost per available seat mile (CASM) by 4.6%, bringing it down to 8.5 cents. Excluding fuel, CASM (Ex-fuel CASM) rose by 3.2% year-over-year, reaching 5.8 cents.
→ Copa Airlines Adds Puerto Plata to Its Route Network in Dominican Republic
Solid Financial Position
As of the end of the second quarter, Copa Holdings held approximately $1.4 billion in cash and short- and long-term investments. This amount represents 39% of the revenue generated over the past twelve months, reflecting a robust liquidity position. Furthermore, the adjusted net debt-to-EBITDA ratio stood at 0.6 times, a key indicator of the company’s financial strength and disciplined debt management.
Fleet Expansion
During the same period, the company added three new Boeing 737 MAX 8 aircraft, ending the quarter with a consolidated fleet of 115 airplanes. The current fleet composition includes:
- 67 Boeing 737-800s
- 32 Boeing 737 MAX 9s
- 9 Boeing 737-700s
- 6 Boeing 737 MAX 8s
- 1 Boeing 737-800 freighter
This diversified fleet allows Copa to maintain operational efficiency while continuing to expand its route network.
International Recognition and Operational Excellence
In June, Copa Airlines was recognized by Skytrax for the tenth consecutive year as the “Best Airline in Central America and the Caribbean” and for having the “Best Airline Staff in Central America and the Caribbean.” These accolades highlight the company’s unwavering commitment to service quality.
Additionally, the airline achieved an on-time performance rate of 91.5% and a flight completion rate of 99.8%, once again positioning itself among the industry leaders in operational reliability.
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