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Copa Holdings Files Annual Report Form 20-F

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Copa Holdings (NYSE: CPA) filed its annual report on Form 20-F for the fiscal year ended December 31, 2025 with the U.S. Securities and Exchange Commission on Feb. 26, 2026.

The report, which includes Copa's audited financial statements, is available electronically and shareholders can request a free hard copy via the company's investor relations website.

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Positive

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Negative

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Key Figures

Fiscal year end: December 31, 2025
1 metrics
Fiscal year end December 31, 2025 Period covered by Form 20-F annual report

Market Reality Check

Price: $148.03 Vol: Volume 265,618 vs 20-day ...
low vol
$148.03 Last Close
Volume Volume 265,618 vs 20-day average 395,752 indicates lighter-than-normal trading ahead of this filing. low
Technical Shares at $148.03 trade above the $120.09 200-day MA and about 5.36% below the $156.41 52-week high.

Peers on Argus

Airline peers showed mixed moves, from -0.27% (SKYW) to gains of 0.55% (ALK) and...

Airline peers showed mixed moves, from -0.27% (SKYW) to gains of 0.55% (ALK) and 2.65% (AAL), suggesting this routine 20-F filing was company-specific rather than part of a broad sector move.

Historical Context

5 past events · Latest: Feb 11 (Positive)
Pattern 5 events
Date Event Sentiment Move Catalyst
Feb 11 Earnings results Positive -0.1% Reported strong 4Q25 and full‑year 2025 profits and margins.
Feb 9 Traffic update Positive -0.1% January 2026 ASM and RPM grew double digits; load factor improved.
Jan 13 Traffic update Positive -4.2% December 2025 data showed higher capacity, demand and better load factor.
Jan 8 Earnings schedule Neutral +0.5% Announced timing for 4Q25 earnings release and conference call webcast.
Dec 16 Traffic update Positive +0.2% November 2025 traffic showed YOY ASM and RPM growth with higher load factor.
Pattern Detected

Recent positive traffic and earnings updates often saw muted or negative next-day price reactions, indicating a tendency for good news to be faded.

Recent Company History

Over the past few months, Copa reported strong operating trends and profitability. November and December 2025 traffic releases highlighted double‑digit ASM and RPM growth with higher load factors. The February 11, 2026 earnings release showed a full‑year 2025 net profit of US$671.6 million and robust margins, yet shares barely moved or dipped after several of these positive updates. Against that backdrop, the Form 20‑F filing mainly formalizes already‑disclosed financial and risk information.

Market Pulse Summary

This announcement centers on Copa’s Form 20‑F filing for the year ended December 31, 2025, making it...
Analysis

This announcement centers on Copa’s Form 20‑F filing for the year ended December 31, 2025, making its audited financials and detailed risk disclosures easily accessible to investors. In recent months the company has reported strong traffic growth and solid profitability, while also highlighting exposure to fuel costs, leverage and regional macro conditions in regulatory filings. Investors may focus on how these risk factors interact with capacity growth, fleet commitments, and margins going forward.

Key Terms

form 20-f
1 terms
form 20-f regulatory
"has filed its annual report Form 20-F for the fiscal year ended"
Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.

AI-generated analysis. Not financial advice.

PANAMA CITY, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Copa Holdings, S.A. (NYSE: CPA), has filed its annual report Form 20-F for the fiscal year ended December 31, 2025, with the U.S. Securities and Exchange Commission.

The report is available in the investor relations section of Copa's website at www.copaair.com.

Shareholders may receive a hard copy of the report, which includes Copa's audited financial statements, free of charge through the contact below.

Electronic Link:https://ir.copaair.com/financial-information/sec-filings 
Hard Copy Request Link:https://ir.copaair.com/printed-materials 
   

For more information, please contact Copa Holdings' Investor Relations in the “Contact Us” section of the company’s investor relations website: ir.copaair.com.

Copa Holdings is a leading Latin American provider of passenger and cargo services. The Company, through its operating subsidiaries, provides service to countries in North, Central and South America and the Caribbean. For more information visit www.copaair.com.

CPA-G

Investor Relations
investor.relations@copaair.com


FAQ

Where can I access Copa Holdings' 2025 Form 20-F (CPA)?

You can access the Form 20-F online via Copa's investor relations SEC filings page. According to Copa, the filing is available at https://ir.copaair.com/financial-information/sec-filings, and a free hard copy can be requested through the investor relations site.

What period does Copa Holdings' Form 20-F filed Feb. 26, 2026 cover for CPA?

The Form 20-F covers Copa Holdings' fiscal year ended December 31, 2025. According to Copa, the filing includes the company's audited financial statements for that fiscal year and related disclosure required by SEC rules.

How can shareholders request a hard copy of Copa Holdings' 2025 annual report (CPA)?

Shareholders may request a free hard copy through Copa's printed materials request link. According to Copa, requests are handled via https://ir.copaair.com/printed-materials or by contacting Investor Relations through the IR website contact page.

Who should investors contact for questions about Copa Holdings' 20-F filing (CPA)?

Investors should contact Copa Holdings' Investor Relations through the investor relations website contact section. According to Copa, Investor Relations inquiries can be directed via the site's contact form or to investor.relations@copaair.com.
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