CPA
IndustrialsCopa Holdings, S.A. · Airlines, Airports & Air Services · $6B
What is Copa Holdings, S.A.?
Copa Holdings is a Panama City-based airline holding company that connects North, Central, and South America, along with the Caribbean, through its strategically positioned hub at Tocumen International Airport. Its network spans dozens of countries across the Western Hemisphere.
Copa Holdings generates revenue primarily through passenger air travel and cargo services. Operating from its Panama City hub, the company runs scheduled flights to dozens of destinations across the Americas and Caribbean. Its hub-and-spoke model allows efficient connections between North and South America, giving Copa a geographic advantage that few regional carriers can replicate. Revenue comes from ticket sales, ancillary fees, and cargo contracts.
Copa Holdings was incorporated in 2005 and is headquartered in Panama City, Panama, though the airline's roots trace back to 1947.
- Scheduled passenger flights across the Americas and Caribbean
- Air cargo services on established routes
- Boeing 737 Next Generation and MAX 9 fleet operations
- Hub-and-spoke connectivity through Panama City's Tocumen Airport
Is CPA a Good Stock to Buy?
UQS Score rates CPA as Good overall, reflecting a balanced profile with meaningful strengths and one notable area of concern.
Copa's Quality pillar stands out as Strong, pointing to disciplined financial management relative to airline-sector peers. The Valuation pillar is rated Attractive, suggesting the market may not be fully pricing in the company's fundamentals. Growth is rated Good, consistent with the airline's expanding regional footprint.
The Moat pillar is rated Weak — a common challenge in the airline industry, where pricing power and switching costs are structurally limited for most carriers.
Pro members can view the complete pillar breakdown and underlying financial metrics for CPA on the full analysis page. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does CPA pay dividends?
Yes — Copa Holdings, S.A. pays a dividend.
Copa Holdings pays a regular dividend, which is relatively uncommon among mid-cap airlines. The dividend reflects the company's confidence in its cash generation capacity. Investors seeking income alongside exposure to Latin American aviation may find this payout cadence relevant to their screening criteria.
When does CPA report earnings?
Copa Holdings reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
The company's Quality pillar rating suggests Copa has maintained financial discipline through recent reporting periods. Revenue trends tied to Latin American travel demand and fleet utilization are key factors to watch each quarter.
For the most recent quarter's results and guidance, visit Copa Holdings' official investor relations page.
CPA Price History
+75.2% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Copa Holdings, S.A.?
Based on Copa Holdings, S.A.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
CPA Long-term Outlook
Copa's Good Growth rating points to a constructive fundamental trajectory, supported by ongoing demand recovery across Latin American air travel markets. The Neutral Risk rating indicates the company carries a manageable but real set of operational and macroeconomic exposures. The Attractive Valuation label suggests the current price may offer a reasonable entry point relative to the company's fundamental profile, though airline-sector volatility warrants ongoing monitoring.
Growth drivers
- Continued expansion of routes across underserved Latin American and Caribbean markets
- Fleet modernization with Boeing 737 MAX 9 aircraft improving fuel efficiency
- Structural demand growth for air connectivity across the Western Hemisphere
Key risks
- Fuel price volatility, which disproportionately affects airline operating costs
- Currency and macroeconomic instability across key Latin American markets
- Limited pricing power in a competitive regional aviation landscape
CPA vs Peers
Copa Holdings operates in a competitive aviation landscape alongside carriers and infrastructure players with distinct business profiles.
Alaska Air focuses on US domestic and transpacific routes, giving it a very different geographic footprint compared to Copa's Latin American hub model.
OMAB operates Mexican airports rather than airlines, representing the infrastructure side of the aviation value chain Copa depends on.
Air Canada is a full-service international carrier with a North Atlantic focus, competing with Copa on select transborder routes but operating at a much larger scale.
Frequently Asked Questions
What does Copa Holdings do?
Copa Holdings operates scheduled airline passenger and cargo services across the Americas and Caribbean. Its primary hub at Tocumen International Airport in Panama City enables efficient connections between North, Central, and South America, serving dozens of countries through its Boeing 737 fleet.
Does CPA pay dividends?
Yes, Copa Holdings pays a regular dividend. This distinguishes it from many peers in the airline sector, where dividend programs are less common. Investors should check the company's investor relations page for the current dividend schedule and payout details.
When does CPA report earnings?
Copa Holdings reports on a quarterly cadence, as is standard for US-listed companies. Specific upcoming earnings dates are best confirmed through Copa's investor relations page or a financial data provider, as our platform does not publish forward earnings dates.
Is CPA a good stock to buy?
The UQS Score rates CPA as Good overall. The Strong Quality and Attractive Valuation pillars are notable positives, while the Weak Moat rating reflects structural challenges common to the airline industry. Whether CPA fits your portfolio depends on your risk tolerance and investment goals.
Is CPA overvalued?
CPA's Valuation pillar is rated Attractive within the UQS framework, suggesting the stock may be reasonably priced relative to its fundamentals when compared to sector peers. Pro members can access the detailed valuation metrics behind this rating.
How does CPA compare to its competitors?
Copa's Panama City hub gives it a distinct geographic positioning compared to North American carriers like Alaska Air and Air Canada. Its Latin American focus and hub efficiency are differentiators, though its Moat rating is Weak — a challenge shared across most of the airline industry.
What is CPA's market cap bracket?
Copa Holdings is classified as a mid-cap company. This places it in a range that typically offers more liquidity than small-cap names while remaining more nimble than the largest global airline conglomerates.
Who founded Copa Holdings?
The airline operations behind Copa Holdings trace back to 1947, making it one of the older carriers in Latin America. Copa Holdings as a holding company was incorporated in 2005. Detailed founding history is publicly available through the company's official communications.
Is CPA a long-term quality indicator?
The UQS framework evaluates long-term quality through five pillars. CPA's Strong Quality rating suggests financial discipline that can support durability over time. However, the Weak Moat rating is a factor long-term investors should weigh, as competitive advantages in aviation can erode quickly.
What is the main competitive advantage of Copa Holdings?
Copa's primary structural advantage is its hub location at Tocumen International Airport in Panama City — geographically central to the Americas. This positioning enables efficient connections across the Western Hemisphere that are difficult for competitors to replicate without a similar hub.
What sector does CPA belong to?
Copa Holdings belongs to the Industrials sector, specifically within the airline and passenger transportation industry. Investors screening [Industrials sector stocks](/sector/industrials) will find CPA among the Latin American-focused carriers in that universe.
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Pro Analysis
CPA — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 21, 2026 | 64.8 | 83.8 | 33.0 | 69.0 | 49.3 | 96.0 | -0.1 |
| May 20, 2026 | 64.9 | 83.8 | 33.0 | 69.0 | 49.3 | 96.5 | +0.1 |
| May 19, 2026 | 64.8 | 83.8 | 33.0 | 69.0 | 49.3 | 96.1 | 0.0 |
| May 16, 2026 | 64.8 | 83.8 | 33.0 | 69.0 | 49.3 | 96.2 | +0.7 |
| May 15, 2026 | 64.1 | 83.8 | 33.0 | 65.4 | 49.3 | 96.0 | -0.2 |
| May 14, 2026 | 64.3 | 83.8 | 33.0 | 65.4 | 49.3 | 97.4 | 0.0 |
| May 12, 2026 | 64.3 | 83.8 | 33.0 | 65.4 | 49.3 | 97.2 | +0.1 |
| May 11, 2026 | 64.2 | 83.8 | 33.0 | 65.4 | 49.3 | 96.8 | -1.8 |
| May 10, 2026 | 66.0 | 89.2 | 33.0 | 65.4 | 49.3 | 100.0 | +4.1 |
| May 9, 2026 | 61.9 | 89.2 | 33.0 | 48.0 | 49.3 | 95.8 | -4.1 |
CPA — Pillar Breakdown
Quality
— 83.8/100 (25%)Copa Holdings, S.A. demonstrates outstanding capital efficiency and profitability, placing it among the highest-quality businesses in the market.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 69.0/100 (20%)Copa Holdings, S.A. demonstrates healthy growth trends across revenue and earnings.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 49.3/100 (15%)Copa Holdings, S.A. has some risk factors including moderate leverage or solvency concerns.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 95.9/100 (15%)Copa Holdings, S.A. appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 33/100 (25%)Copa Holdings, S.A. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for CPA.
Score Composition
Financial Data
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How is the CPA UQS Score Calculated?
The UQS (Unified Quality Score) for Copa Holdings, S.A. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Copa Holdings, S.A.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Copa Holdings, S.A. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.