Copa Holdings Reports First-Quarter Financial Results
Source: Copa Holdings Copa Holdings1, S.A. has announced financial results for the first quarter of 2025 (1Q25). Key highlights include: Net profit of US$176.8 million or US$4.28 per share, a US$0.7 million increase compared to 1Q24. Operating profit of US$213.8 million and an operating margin of 23.8%, a 1.0% and 0.4 percentage point decrease, respectively, compared to 1Q24. Capacity, measured in available seat miles (ASMs), increased by 9.5% year over year. Operating cost per available seat mile excluding fuel (Ex-fuel CASM) decreased 4.3% compared to 1Q24 to 5.8 cents. Revenue per available seat mile (RASM) decreased 8.1% compared to 1Q24 to 11.5 cents. The Company ended the quarter with approximately US$1.3 billion in cash, short-term and long-term investments, which represent 39% of the [...]