Copa Holdings (CPA) Free Cash Flow (2014 - 2025)
Copa Holdings recorded quarterly Free Cash Flow of -$950.0 million in Q4 2025, down 290.75% quarter-over-quarter from $498.0 million in Q3 2025, and down 297.89% year-over-year from $480.0 million in Q4 2024.
Copa Holdings' Free Cash Flow history runs 12 years deep, the most recent figure standing at -$950.0 million for Q4 2025.
- In Q4 2025, Free Cash Flow fell 297.89% year-over-year to -$950.0 million; the TTM figure through Dec 2025 stood at $32.3 million (down 97.16% YoY), while the FY2025 annual figure was $422.8 million, down 13.57% from the prior year.
- Free Cash Flow came in at -$950.0 million for Q4 2025 at Copa Holdings, down from $498.0 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $498.0 million in Q3 2025 to a low of -$950.0 million in Q4 2025.
- A 5-year average of $168.0 million and a median of $203.4 million in 2023 frame the typical range for Free Cash Flow.
- Across the five-year window, Free Cash Flow soared 19083.86% in 2022 and sank 297.89% in 2025, its largest moves.
- Copa Holdings' Free Cash Flow stood at $244.0 million in 2021, then plunged by 30.61% to $169.3 million in 2022, then rose by 20.13% to $203.4 million in 2023, then surged by 135.99% to $480.0 million in 2024, then tumbled by 297.89% to -$950.0 million in 2025.
- According to Business Quant data, Free Cash Flow over the past three periods registered -$950.0 million, $498.0 million, and $278.8 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.78 Bn | 48.72 Bn | 15.19 Bn | 1.43 Bn |
| 2 | Southwest Airlines | 21.39 Bn | 18.06 Bn | 6.21 Bn | 788.00 Mn |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 18.50 Bn | 17.47 Bn | -239.00 Mn | 201.00 Mn |
| 4 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.98 Bn | 8.98 Bn | - | 251.00 Mn |
| 5 | Alaska Air | 5.26 Bn | 3.49 Bn | 3.20 Bn | 391.00 Mn |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn | 130.43 Mn |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn | -949.97 Mn |
| 8 | Jetblue Airways | 2.03 Bn | -140.72 Mn | 1.87 Bn | -6.00 Mn |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn | 222.64 Mn |
| 10 | Frontier Group Holdings | 1.39 Bn | 618.26 Mn | 724.00 Mn | 28.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 480.05 Mn |
| Dec 31, 2024 | 480.05 Mn |
| 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 | 203.42 Mn |
| Dec 31, 2023 | 203.42 Mn |
| Sep 30, 2023 | 344.42 Mn |
| Sep 30, 2023 | 344.42 Mn |
| Jun 30, 2023 | 216.75 Mn |
| Jun 30, 2023 | 216.75 Mn |
| Mar 31, 2023 | 203.42 Mn |
| Mar 31, 2023 | 203.42 Mn |
| Dec 31, 2022 | 169.34 Mn |
| Dec 31, 2022 | 169.34 Mn |
| Sep 30, 2022 | 215.64 Mn |
| Sep 30, 2022 | 215.64 Mn |
| Jun 30, 2022 | 158.50 Mn |
| Jun 30, 2022 | 158.50 Mn |
| Mar 31, 2022 | 169.34 Mn |
| Mar 31, 2022 | 169.34 Mn |
| Dec 31, 2021 | 244.03 Mn |
| Dec 31, 2021 | 244.03 Mn |
| Sep 30, 2021 | 113.58 Mn |
| Sep 30, 2021 | 113.58 Mn |
| Jun 30, 2021 | 150.56 Mn |
| Jun 30, 2021 | 150.56 Mn |
| Mar 31, 2021 | -892,000.00 |
| Mar 31, 2021 | -892,000.00 |
| Dec 31, 2020 | 80.58 Mn |
| Dec 31, 2020 | 80.58 Mn |
| Sep 30, 2020 | -18.67 Mn |
| Sep 30, 2020 | -18.67 Mn |
| Jun 30, 2020 | -162.97 Mn |
| Jun 30, 2020 | -162.97 Mn |
| Mar 31, 2020 | 106.34 Mn |
| Mar 31, 2020 | 106.34 Mn |
| Dec 31, 2019 | 307.07 Mn |
| Dec 31, 2019 | 307.07 Mn |
| Sep 30, 2019 | 217.80 Mn |
| Sep 30, 2019 | 217.80 Mn |
| Jun 30, 2019 | 187.08 Mn |
| Jun 30, 2019 | 187.08 Mn |
| Mar 31, 2019 | 144.06 Mn |
| Mar 31, 2019 | 144.06 Mn |
| Dec 31, 2018 | 231.55 Mn |
| Dec 31, 2018 | 231.55 Mn |
| Sep 30, 2018 | 110.83 Mn |
| Sep 30, 2018 | 110.83 Mn |
| Jun 30, 2018 | 95.30 Mn |
| Jun 30, 2018 | 95.30 Mn |
| Mar 31, 2018 | 171.81 Mn |
| Mar 31, 2018 | 171.81 Mn |
| Dec 31, 2017 | 318.70 Mn |
| Dec 31, 2017 | 318.70 Mn |
| Sep 30, 2017 | 273.77 Mn |
| Sep 30, 2017 | 273.77 Mn |
| Jun 30, 2017 | 170.21 Mn |
| Jun 30, 2017 | 170.21 Mn |
| Mar 31, 2017 | 160.02 Mn |
| Mar 31, 2017 | 160.02 Mn |
| Dec 31, 2016 | 209.77 Mn |
| Dec 31, 2016 | 209.77 Mn |
| Sep 30, 2016 | 117.77 Mn |
| Sep 30, 2016 | 117.77 Mn |
| Jun 30, 2016 | 148.12 Mn |
| Jun 30, 2016 | 148.12 Mn |
| Mar 31, 2016 | 118.93 Mn |
| Mar 31, 2016 | 118.93 Mn |
| Dec 31, 2015 | 126.20 Mn |
| Dec 31, 2015 | 126.20 Mn |
| Sep 30, 2015 | 42.12 Mn |
| Sep 30, 2015 | 42.12 Mn |
| Jun 30, 2015 | 111.26 Mn |
| Jun 30, 2015 | 111.26 Mn |
| Mar 31, 2015 | 83.36 Mn |
| Mar 31, 2015 | 83.36 Mn |
| Dec 31, 2014 | 236.56 Mn |
| Dec 31, 2014 | 236.56 Mn |
| Sep 30, 2014 | -125.50 Mn |
| Sep 30, 2014 | -125.50 Mn |
| Jun 30, 2014 | 199.47 Mn |
| Jun 30, 2014 | 199.47 Mn |
| Mar 31, 2014 | 74.36 Mn |
| Mar 31, 2014 | 74.36 Mn |