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Copa Holdings preliminary Sept. 2026 traffic up 17.1%

Capacity increased 15.7% and passenger traffic increased 17.1% year over year; load factor was 1.1 percentage points higher than September 2025.

(Moderate)

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Form Type
6-K

Rhea-AI Filing Summary

Copa Holdings, S.A. (CPA) reported preliminary passenger traffic statistics for September 2026. Available seat miles totaled 3,041.0 million, and revenue passenger miles totaled 2,674.4 million. System load factor was 87.9%.

Filing Explained

Compared with September 2025, September 2026 available seat miles increased 15.7%, revenue passenger miles increased 17.1%, and load factor rose 1.1 percentage points to 87.9%.

Available seat miles 3,041.0 million September 2026
Available seat miles change 15.7% Increase compared with September 2025
Revenue passenger miles 2,674.4 million September 2026
Revenue passenger miles change 17.1% Increase compared with September 2025
System load factor 87.9% September 2026
System load factor change 1.1 percentage points Higher than September 2025
Available seat miles technical
"represents the aircraft seating capacity multiplied by the number of miles the seats are flown"
Available seat miles measure the total capacity of an airline to carry passengers, calculated by multiplying the number of seats available on all flights by the distance those flights cover. It indicates how much space an airline has to generate revenue from passenger travel. For investors, higher available seat miles generally suggest a larger operation and potential for increased earnings.
Revenue passenger miles technical
"represents the number of miles flown by revenue passengers"
Revenue passenger miles measure the total distance traveled by paying passengers on a transportation service, calculated by multiplying the number of paying passengers by the miles they travel. It shows how much revenue-generating activity a transportation company is doing, helping investors assess how well the company is attracting and serving passengers. Higher revenue passenger miles typically indicate stronger demand and better financial performance.
Load factor technical
"represents the percentage of aircraft seating capacity that is utilized"
Load factor is a measure of how efficiently a transportation service, such as a plane, train, or bus, fills its available seats or space over a period of time. It is calculated by dividing the actual number of passengers or usage by the total available capacity. A higher load factor indicates better utilization, which can lead to more profitable operations and is important for investors assessing the efficiency and profitability of transportation companies.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were CPA’s September 2026 traffic figures?

Copa Holdings reported 3,041.0 million available seat miles and 2,674.4 million revenue passenger miles for September 2026. These increased 15.7% and 17.1%, respectively, compared with September 2025.

What was CPA’s September 2026 load factor?

Copa Holdings’ system load factor was 87.9% in September 2026, 1.1 percentage points higher than in September 2025.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________________________________
FORM 6-K
_______________________________________________
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
Report on Form 6-K dated for the month of October 2026
_______________________________________________
Copa Holdings, S.A.
(Translation of Registrant’s Name Into English)
_______________________________________________
Boulevard Costa del Este, Avenida Principal y Avenida de la Rotonda
Urbanización Costa del Este
Complejo Business Park, Torre Norte
ParqueLefevre
Panama City, Panama
(Address of principal executive offices)
_______________________________________________
(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)
Form 20-F
x
Form 40-F
o
(Indicate by check whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)
Yes
o
No
x
(If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b);82- )
Enclosure: Press Release - Copa Holdings Announces Monthly Traffic Statistics for September 2026



SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
Copa Holdings, S.A.
(Registrant)
 Date: 10/8/26
By: /s/ Peter Donkersloot
Name: Peter Donkersloot
Title: CFO


Exhibit 99.1
Copa Holdings Announces Monthly Traffic Statistics for September 2026
PANAMA CITY, October 8, 2026 (GLOBE NEWSWIRE) -- Copa Holdings, S.A. (NYSE: CPA) today released preliminary passenger traffic statistics for September 2026:
Copa Holdings (Consolidated)September
2026
September
2025
% Change
ASM (mm) (1)
3,041.02,628.215.7 %
RPM (mm) (2)
2,674.42,283.117.1 %
Load Factor (3)
87.9 %86.9 %1.1 p.p.

1.Available seat miles - represents the aircraft seating capacity multiplied by the number of miles the seats are flown.
2.Revenue passenger miles - represents the number of miles flown by revenue passengers
3.Load factor - represents the percentage of aircraft seating capacity that is utilized

For September 2026, Copa Holdings' capacity (ASMs) increased by 15.7%, while system-wide passenger traffic (RPMs) increased by 17.1% compared to 2025. As a result, the system load factor for the month was 87.9%, 1.1 percentage points higher than in September 2025.
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 ir.copaair.com.
CPA-G
Investor Relations
investor.relations@copaair.com

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