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Copa Holdings (CPA) Reports Q2 Earnings: What Key Metrics Have to Say

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Copa Holdings (CPA - Free Report) reported $1.06 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 25.7%. EPS of $1.67 for the same period compares to $3.61 a year ago.

The reported revenue represents a surprise of -0.58% over the Zacks Consensus Estimate of $1.07 billion. With the consensus EPS estimate being $1.88, the EPS surprise was -11.17%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

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: 86.7% versus the five-analyst average estimate of 87.2%.
  • PRASM (Passenger revenue per ASM): 11 cents versus the four-analyst average estimate of 11.22 cents.
  • Yield: 12.6 cents compared to the 12.72 cents average estimate based on four analysts.
  • Avg. Price Per Fuel Gallon: $4.28 compared to the $4.22 average estimate based on four analysts.
  • ASMs (Available seat miles): 9.15 billion versus the four-analyst average estimate of 9.13 billion.
  • CASM Excl. Fuel: 5.7 cents versus the four-analyst average estimate of 5.73 cents.
  • CASM: 10.6 cents versus the four-analyst average estimate of 10.59 cents.
  • RPMs (Revenue passengers miles): 7.94 billion compared to the 7.96 billion average estimate based on four analysts.
  • RASM: 11.6 cents versus 12.44 cents estimated by four analysts on average.
  • Fuel Gallons Consumed: 105.00 Mgal compared to the 105.23 Mgal average estimate based on three analysts.
  • Total Number of Aircraft: 131 compared to the 130 average estimate based on two analysts.
  • Operating Revenues- Passenger revenue: $1 billion versus the five-analyst average estimate of $1.02 billion. The reported number represents a year-over-year change of +25.8%.

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

Shares of Copa Holdings have returned -1.8% over the past month versus the Zacks S&P 500 composite's +3.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

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