Copa Holdings SA

Copa Holdings reported second-quarter 2026 net profit of $68.2 million, or $1.67 per share, down 53.9% year over year, as the average all-in jet fuel price increased 85 percent year over year from $2.32 to $4.28 per gallon. Operating profit was $91.7 million with an operating margin of 8.7%, down 13.1 percentage points from the prior year, while total operating revenue rose 25.7% to $1.1 billion on 16.5% capacity growth. The company recovered about 40% of the fuel expense increase through higher yields and demand, and it updated full-year 2026 guidance to an operating margin of 17% to 19% and capacity growth of 14% to 15%. Copa also announced a quarterly dividend of $1.71 per share payable September 15 to shareholders of record August 31, and it expects to complete Starlink high-speed internet installation across its fleet by the first half of 2027.

Copa Holdings reported quarterly earnings of $1.67 per share, missing the Zacks Consensus Estimate of $1.88 per share and marking an earnings surprise of negative 11.17%. Revenue came in at $1.06 billion, below the consensus estimate by 0.58%, though up from $842.6 million a year ago. The company has beaten consensus EPS estimates twice in the last four quarters but topped revenue estimates only once in that period. Shares have gained about 21.6% year-to-date, outperforming the S&P 500's 13% gain. Ahead of the report, estimate revisions were favorable, giving the stock a Zacks Rank #2, or Buy.