Copa Holdings Reports 10.2% Increase in November Passenger Traffic
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 16 2025
0mins
Should l Buy CPA?
Source: Newsfilter
- Passenger Traffic Growth: In November 2025, Copa Holdings reported available seat miles (ASMs) of 2.777 billion, reflecting a 10.0% increase year-over-year, indicating significant progress in enhancing flight capacity and strengthening market competitiveness.
- Increased Passenger Volume: The revenue passenger miles (RPMs) for the same month reached 2.395 billion, up 10.2% compared to November 2024, showcasing the company's success in attracting more passengers and further solidifying its leadership position in the Latin American market.
- Stable Load Factor: The load factor for November stood at 86.2%, a 0.1 percentage point improvement from the previous year, demonstrating effective strategies in optimizing flight operations and enhancing passenger experience, which boosts profitability.
- Market Service Expansion: As a leading provider of passenger and cargo services in Latin America, Copa Holdings continues to expand its market share by servicing North, Central, South America, and the Caribbean through its subsidiaries, driving further business growth.
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Analyst Views on CPA
Wall Street analysts forecast CPA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CPA is 157.00 USD with a low forecast of 141.00 USD and a high forecast of 170.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 149.590
Low
141.00
Averages
157.00
High
170.00
Current: 149.590
Low
141.00
Averages
157.00
High
170.00
About CPA
Copa Holdings, S.A. is a provider of airline passenger and cargo service through its principal operating subsidiaries, Compania Panamena de Aviacion, S. A. (Copa Airlines) and AeroRepublica, S. A. (Copa Colombia). The Company operates through air transportation segment. Copa Airlines operates from its position located in the Republic of Panama. Copa Airlines provides international air transportation for passengers, cargo and mail, operating from its Panama City hub in the Republic of Panama. Copa Colombia provides service within Colombia and international flights from various cities in Colombia to Panama, Venezuela, Ecuador, Mexico, Cuba, Guatemala and Costa Rica. Copa Colombia provides domestic and international air transportation for passengers, cargo and mail with a point-to-point route network. Its subsidiary, Oval Financial Leasing, Ltd., controls the special purpose entities that have a beneficial interest in the majority of its fleet.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Passenger Traffic Growth: Copa Holdings reported a 10.9% year-over-year increase in system-wide passenger traffic, measured in revenue passenger miles (RPMs), for December 2025, indicating the company's ability to expand amid strong market demand.
- Capacity Increase: Available seat miles (ASMs) rose by 10.0% during the same month, demonstrating effective strategies in enhancing flight capacity to meet the growing passenger demand.
- Load Factor Improvement: The load factor improved to 86.0% in December from 85.3% in December 2024, reflecting Copa's success in optimizing flight schedules and enhancing passenger experience.
- Narrowed Operating Margin Guidance: Copa Holdings narrowed its 2025 operating margin guidance to 22-23%, indicating that the company can maintain robust profitability while expanding its fleet, showcasing strategic flexibility in a competitive airline market.
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- Price Breakout: SEIC's stock has surged past both the 50-day and 200-day simple moving averages, with a bullish crossover in the Moving Average Convergence Divergence (MACD) indicator, signaling strong market momentum and boosting investor confidence.
- Optimistic Market Outlook: Analysts' strong bullish sentiment towards SEI Investments reflects its potential in the wealth-tech sector, with expectations of significant growth by 2026, attracting increased investor interest.
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- Capacity Increase: In December 2025, Copa Holdings' available seat miles (ASMs) rose by 10.0% year-over-year to 2,932.4 million, demonstrating the company's ability to expand in the Latin American market and effectively respond to route demand.
- Passenger Traffic Growth: The same month saw a 10.9% year-over-year increase in revenue passenger miles (RPMs), reaching 2,521.0 million, indicating the company's success in attracting passengers and further solidifying its market position.
- Improved Load Factor: The load factor for December 2025 was 86.0%, up 0.7 percentage points from December 2024, reflecting effective strategies in optimizing flight schedules and enhancing service quality, which bolstered profitability.
- Market Leadership: As a leading provider of passenger and cargo services in Latin America, Copa Holdings continues to strengthen its market leadership across North, Central, South America, and the Caribbean through sustained capacity and traffic growth, showcasing robust business growth potential.
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- Earnings Release Schedule: Copa Holdings is set to release its Q4 2025 earnings on February 11, 2026, after the US market closes, which is expected to provide critical financial data for assessing the company's performance.
- Conference Call and Webcast: The company will hold an earnings conference call and webcast on February 12, 2026, at 11:00 AM ET, allowing investors to access the latest information and engage interactively.
- Technical Support and User Experience: Copa Holdings encourages investors to join the conference via webcast and recommends completing registration and software installation in advance to ensure a smooth experience, reflecting the company's commitment to investor relations.
- Market Coverage and Services: As a leading provider of passenger and cargo services in Latin America, Copa Holdings operates through its subsidiaries to serve North, Central, and South America, as well as the Caribbean, further solidifying its market position.
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- Earnings Release Schedule: Copa Holdings will release its Q4 2025 earnings on February 11, 2026, after the US market closes, which is expected to provide critical financial data for assessing the company's performance.
- Conference Call and Webcast: The company has scheduled a conference call for February 12, 2026, at 11:00 AM ET, where it will share financial results via webcast, enhancing transparency for investors.
- Investor Participation Encouraged: Copa Holdings encourages investors to join the meeting through the webcast and suggests completing registration and software installation in advance to ensure a smooth experience, reflecting the company's commitment to investor relations.
- Replay Option Available: For those unable to attend the live presentation, Copa Holdings will provide a webcast replay shortly after the conference, ensuring that all stakeholders can access important information.
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Capacity and Traffic Growth: Copa Holdings' capacity increased by 10% in November 2025, with system-wide passenger traffic rising by 10.2% compared to 2024.
Load Factor Improvement: The system load factor for November 2025 was 86.2%, reflecting a slight increase of 0.1 percentage points from November 2024.
Operating Margin Guidance: Copa Holdings has narrowed its 2025 operating margin guidance to 22–23% as it expands its fleet and experiences robust demand.
Market Position: Despite a sell-off in Q3, Copa Holdings is still considered a 'Strong Buy' due to its solid earnings performance in a challenging industry.
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