Copa Holdings (CPA) Free Cash Flow (2013 - 2025)

Copa Holdings (CPA) reported Free Cash Flow of -$950.0 million for Q4 2025, down 189.25% on a YoY basis from $1.1 billion in Q4 2024, and down 290.75% sequentially from $498.0 million in Q3 2025.

Copa Holdings (CPA) Free Cash Flow (2013 - 2025) Analysis & Trends

Copa Holdings (CPA) has 13 years of Free Cash Flow data on file, last reported at -$950.0 million in Q4 2025.

  • For the quarter ending Q4 2025, Free Cash Flow fell 189.25% year-over-year to -$950.0 million; the trailing twelve-month figure through Dec 2025 stood at $32.3 million (down 98.12% YoY), and the FY2025 full-year result was $422.8 million, down 13.57% from the prior year.
  • Free Cash Flow fell to -$950.0 million in Q4 2025, from $498.0 million in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of $1.1 billion in Q4 2024 to a low of -$950.0 million in Q4 2025.
  • A 5-year average of $245.6 million and a median of $210.6 million in 2022 frame the typical range for Free Cash Flow.
  • Across the five-year window, Free Cash Flow surged 19083.86% in 2022 and tumbled 189.25% in 2025, its largest moves.
  • Tracing CPA's Free Cash Flow over 5 years: stood at $275.6 million in 2021, then soared by 97.2% to $543.5 million in 2022, then surged by 40.69% to $764.6 million in 2023, then surged by 39.22% to $1.1 billion in 2024, then plunged by 189.25% to -$950.0 million in 2025.
  • Business Quant data shows CPA's Free Cash Flow at -$950.0 million in Q4 2025, $498.0 million in Q3 2025, and $278.8 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Latam Airlines 29,341.35 Bn 29,338.67 Bn 1.28 Mn 386,796.00
2 Ryanair Holdings 183.33 Bn 180.79 Bn - 540.24 Mn
3 Delta Air Lines 53.61 Bn 48.95 Bn 19.07 Bn -449.00 Mn
4 Southwest Airlines 21.85 Bn 18.53 Bn 7.33 Bn -288.00 Mn
5 Controladora Vuela Compania de Aviacion, S.A.B. de C.V 8.69 Bn 7.93 Bn - 272.00 Mn
6 Copa Holdings 5.59 Bn 4.26 Bn 713.71 Mn -949.97 Mn
7 Alaska Air 5.12 Bn 3.35 Bn 3.20 Bn 113.00 Mn
8 Skywest 3.85 Bn 3.22 Bn 1.01 Bn 161.35 Mn
9 Jetblue Airways 1.85 Bn 1.44 Bn 1.87 Bn -6.00 Mn
10 Allegiant Travel 1.72 Bn 818.03 Mn 651.87 Mn 222.64 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -949.97 Mn
Dec 31, 2025 -949.97 Mn
Sep 30, 2025 498.01 Mn
Sep 30, 2025 498.01 Mn
Jun 30, 2025 278.81 Mn
Jun 30, 2025 278.81 Mn
Mar 31, 2025 205.48 Mn
Mar 31, 2025 205.48 Mn
Dec 31, 2024 1.06 Bn
Dec 31, 2024 1.06 Bn
Sep 30, 2024 188.62 Mn
Sep 30, 2024 188.62 Mn
Jun 30, 2024 269.78 Mn
Jun 30, 2024 269.78 Mn
Mar 31, 2024 201.00 Mn
Mar 31, 2024 201.00 Mn
Dec 31, 2023 764.59 Mn
Dec 31, 2023 764.59 Mn
Sep 30, 2023 344.42 Mn
Sep 30, 2023 344.42 Mn