Welcome to our dedicated page for Copa Holdings, S.A. SEC filings (Ticker: CPA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Copa Holdings, S.A. filings document foreign private issuer reporting for an airline holding company providing passenger and cargo service in the Americas and the Caribbean. Current reports on Form 6-K furnish earnings releases, financial-results schedules, preliminary monthly traffic statistics and annual report notices, with operating metrics such as ASMs, RPMs, load factor, RASM, CASM and margins.
The filing record also includes Form 20-F annual reporting, audited financial statement disclosures and annual meeting materials covering shareholder voting matters and board election procedures. These documents frame CPA's regulatory reporting around airline operations, consolidated traffic trends, financial performance and governance.
Sprucegrove Investment Management Ltd., a Canadian investment manager based in Toronto, reported beneficial ownership of Class A shares of Copa Holdings. Sprucegrove holds 1,451,592 Class A shares, representing 4.57% of the class.
The firm has sole voting power over 1,088,816 shares and sole dispositive power over all 1,451,592 shares, with no shared voting or dispositive power. The filing characterizes this as ownership of 5 percent or less of the class.
Copa Holdings reported solid top-line growth in 2Q26 while profits contracted sharply due to much higher fuel costs. Operating revenue rose 25.7% year over year to about US$1.06 billion, driven by 16.5% capacity growth, higher yields and a 7.9% increase in unit revenues (RASM) to 11.6 cents.
Operating profit was US$91.7 million with an 8.7% margin, down 13.1 percentage points, and net profit was US$68.2 million, or US$1.67 per share, 53.9% lower than 2Q25. Average fuel price per gallon increased 84.8% to US$4.28, pushing CASM up to 10.6 cents, while Ex-Fuel CASM stayed at 5.7 cents. Liquidity remained strong with roughly US$1.5 billion in cash and investments, 39% of last-twelve-month revenue, and a Net Debt-to-EBITDA ratio of 0.9x. The fleet reached 131 aircraft, and the board ratified a US$1.71 per-share dividend. For 2026, the company guides to a 17–19% operating margin and 14–15% ASM capacity growth, and is rolling out Starlink Wi-Fi and expanding its Panama hub from six to eight banks.
Copa Holdings, S.A. reported preliminary July 2026 passenger traffic statistics showing strong operational growth versus July 2025. Capacity, measured in available seat miles (ASMs), rose to 3,316.7 million, an increase of 16.2%. System-wide passenger traffic, measured in revenue passenger miles (RPMs), reached 2,973.6 million, up 17.4%.
The system load factor, which is the percentage of seating capacity actually used, improved to 89.7%, 0.9 percentage points higher than in July 2025. These figures reflect higher aircraft utilization across Copa Holdings’ network in North, Central, and South America and the Caribbean.
Copa Holdings released preliminary passenger traffic statistics for June 2026. System capacity reached 3,090.8 mm ASMs (available seat miles), a 16.4% increase compared with June 2025. System-wide passenger traffic totaled 2,631.8 mm RPMs (revenue passenger miles), up 13.3% year over year.
The June 2026 system load factor was 85.2%, compared with 87.5% in June 2025, a decline of 2.3 percentage points. Copa Holdings operates passenger and cargo services across North, Central and South America and the Caribbean through its airline subsidiaries.
Copa Holdings, S.A. filed a Form 6-K to announce the timetable for its second quarter 2026 financial communications. The company will publish its Q2 2026 earnings release on August 5, 2026 after the U.S. market close, with the document available on its investor relations website.
An earnings conference call and listen-only webcast are scheduled for August 6, 2026 at 11:00 AM US ET (10:00 AM local time). Investors can register via the provided phone and webcast links, and a replay will be accessible shortly after the live event. Copa describes itself as a leading Latin American provider of passenger and cargo services across the Americas and the Caribbean.
Copa Holdings reported strong growth in May 2026 traffic, with double-digit gains in both capacity and passenger demand. Available seat miles, a measure of flight capacity, rose 16.3% to 3,087.2 million compared to 2,655.2 million in May 2025.
Revenue passenger miles, which track paying passengers carried, increased 17.0% to 2,723.6 million from 2,327.2 million. The system load factor, indicating how full the planes were, improved to 88.2%, up 0.6 percentage points from 87.6% a year earlier, reflecting slightly better utilization of capacity.
Copa Holdings, S.A. director Manuel Alberto Orillac filed an initial Form 3, which is the required statement of beneficial ownership for insiders. The data provided shows no reported purchases, sales, option exercises, gifts, or other insider transactions associated with this filing.
Copa Holdings, S.A. reported the results of its Annual Shareholders Meeting held at its Panama City headquarters on May 13, 2026. Class A shareholders approved the nomination of Julianne Canavaggio and Manuel Orillac as independent director nominees for two-year terms through the 2028 meeting.
Class B shareholders elected a board that includes Carlos Alberto Motta, Pedro Heilbron, Alvaro Heilbron, Andrew Levy, John Gebo, Makelin Arias, plus independent directors Canavaggio and Orillac, each for two-year terms expiring at the 2028 annual meeting. Shareholders also acknowledged the resignations of independent directors Jose Castañeda and John (Josh) Connor, effective on the meeting date.
Copa Holdings reported strong first-quarter 2026 results, combining double‑digit growth with very high profitability. Operating revenue rose 17.0% to about US$1.1 billion, while net profit reached US$212.5 million, lifting basic EPS 20.5% year over year to US$5.16.
Operating margin was 24.6% and net margin 20.2%, helped by a 14.0% increase in capacity and 15.0% higher traffic, which pushed load factor to 87.2%. Unit revenue (RASM) increased 2.7%, and CASM excluding fuel edged down 1.0%, offsetting a 7.5% rise in jet fuel prices.
The company ended the quarter with about US$1.5 billion in cash and investments and an adjusted net debt‑to‑EBITDA ratio of 0.7 times, indicating a solid balance sheet. Management is guiding to 16% capacity growth and an 8%–12% operating margin in 2Q26, and has ordered 40 Boeing 737 MAX aircraft plus 20 options to support long‑term growth.