Copa Holdings (NYSE: CPA) posts 13.3% RPM growth and 87.5% load factor in January

Rhea-AI Filing Summary

Copa Holdings, S.A. reported strong January 2026 operating metrics, showing double-digit traffic growth versus January 2025. Available seat miles rose 11.9% to 3,104.4 million, while revenue passenger miles increased 13.3% to 2,716.0 million.

Because traffic grew faster than capacity, the system load factor improved to 87.5%, up 1.1 percentage points from 86.4% a year earlier. These preliminary figures suggest fuller planes across Copa’s network in the Americas and Caribbean at the start of 2026.

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 February 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 January 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: 2/9/26
			By:			/s/ Peter Donkersloot
						Name: Peter Donkersloot Title: CFO

Exhibit 99.1

Copa Holdings Announces Monthly Traffic Statistics for January 2026

PANAMA CITY, February 9, 2026 (GLOBE NEWSWIRE) -- Copa Holdings, S.A. (NYSE: CPA) today released preliminary passenger traffic statistics for January 2026:

Copa Holdings (Consolidated)			January 2026			January 2025			% Change
ASM (mm) (1)			3,104.4			2,774.6			11.9		%
RPM (mm) (2)			2,716.0			2,396.2			13.3		%
Load Factor (3)			87.5		%	86.4		%	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 January 2026, Copa Holdings' capacity (ASMs) increased by 11.9%, while system-wide passenger traffic (RPMs) increased by 13.3% compared to 2025. As a result, the system load factor for the month was 87.5%, 1.1 percentage points higher than in January 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

FAQ

How did Copa Holdings (CPA) traffic perform in January 2026?

Copa Holdings’ traffic grew solidly in January 2026. Revenue passenger miles increased 13.3% year over year to 2,716.0 million, outpacing capacity growth and indicating more passengers flew longer distances across the network versus January 2025.

What capacity growth did Copa Holdings (CPA) report for January 2026?

Copa Holdings expanded capacity meaningfully in January 2026. Available seat miles rose 11.9% to 3,104.4 million compared with January 2025, reflecting more seats and flights offered across its North, Central, South America, and Caribbean route network.

What was Copa Holdings’ load factor in January 2026?

Copa Holdings achieved a higher load factor in January 2026. The company reported an 87.5% load factor, 1.1 percentage points above January 2025, showing a greater share of available seats were filled with paying passengers during the month.

How did Copa Holdings’ January 2026 traffic growth compare to capacity growth?

Passenger traffic at Copa Holdings grew faster than capacity in January 2026. Revenue passenger miles increased 13.3% while available seat miles rose 11.9%, driving a 1.1 percentage-point improvement in system load factor compared with January 2025 levels.

What definitions does Copa Holdings (CPA) use for ASM, RPM, and load factor?

Available seat miles equal seating capacity multiplied by miles flown. Revenue passenger miles measure miles flown by paying passengers. Load factor is the percentage of aircraft seating capacity used, calculated by dividing revenue passenger miles by available seat miles.

In which regions does Copa Holdings (CPA) operate passenger services?

Copa Holdings operates across the Americas and Caribbean. Through its subsidiaries, it provides passenger and cargo services to countries in North, Central, and South America, as well as various destinations throughout the Caribbean region.

Filing Exhibits & Attachments

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• EX-99.1 EX-99.1 9.9 KB