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Compared to Estimates, Copa Holdings (CPA) Q3 Earnings: A Look at Key Metrics

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Copa Holdings (CPA - Free Report) reported $913.15 million in revenue for the quarter ended September 2025, representing a year-over-year increase of 6.8%. EPS of $4.20 for the same period compares to $3.50 a year ago.

The reported revenue represents a surprise of -0.2% over the Zacks Consensus Estimate of $914.95 million. With the consensus EPS estimate being $4.03, the EPS surprise was +4.22%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Copa Holdings performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Load Factor: 88% versus 87.1% estimated by five analysts on average.
  • PRASM (Passenger revenue per ASM): 10.5 cents compared to the 10.56 cents average estimate based on four analysts.
  • Yield: 11.9 cents versus 12.12 cents estimated by four analysts on average.
  • Avg. Price Per Fuel Gallon: $2.44 compared to the $2.46 average estimate based on four analysts.
  • ASMs (Available seat miles): 8.24 billion versus 8.28 billion estimated by four analysts on average.
  • CASM Excl. Fuel: 5.6 cents versus 5.75 cents estimated by four analysts on average.
  • CASM: 8.5 cents compared to the 8.6 cents average estimate based on four analysts.
  • RPMs (Revenue passengers miles): 7.25 billion versus 7.22 billion estimated by four analysts on average.
  • RASM: 11.1 cents versus the four-analyst average estimate of 11.3 cents.
  • Fuel Gallons Consumed: 96.10 Mgal versus 96.71 Mgal estimated by three analysts on average.
  • Total Number of Aircraft: 121 versus the two-analyst average estimate of 120.
  • Operating Revenues- Passenger revenue: $861.34 million compared to the $874.71 million average estimate based on five analysts. The reported number represents a change of +5.3% year over year.

View all Key Company Metrics for Copa Holdings here>>>

Shares of Copa Holdings have returned -3.2% over the past month versus the Zacks S&P 500 composite's -0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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