Copa Holdings (CPA) Free Cash Flow (2014 - 2025)

Copa Holdings' (CPA) quarterly Free Cash Flow came in at -$950.0 million in Q4 2025, down 297.89% year-on-year from $480.0 million in Q4 2024, and down 290.75% quarter-over-quarter from $498.0 million in Q3 2025.

Copa Holdings (CPA) Free Cash Flow (2014 - 2025) Analysis & Trends

Copa Holdings has disclosed Free Cash Flow across 12 years of filings, most recently posting -$950.0 million for Q4 2025.

  • Free Cash Flow for Q4 2025 came in at -$950.0 million, down 297.89% year-over-year; the trailing twelve-month figure through Dec 2025 was $32.3 million (down 97.16% YoY), and the FY2025 annual result 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.
  • The 5-year median for Free Cash Flow is $203.4 million (2023), against an average of $168.0 million.
  • Across the five-year window, Free Cash Flow surged 19083.86% in 2022 and slumped 297.89% in 2025, its largest moves.
  • Copa Holdings' Free Cash Flow stood at $244.0 million in 2021, then sank by 30.61% to $169.3 million in 2022, then increased by 20.13% to $203.4 million in 2023, then jumped by 135.99% to $480.0 million in 2024, then plunged by 297.89% to -$950.0 million in 2025.
  • The last three Free Cash Flow figures came in at -$950.0 million (Q4 2025), $498.0 million (Q3 2025), and $278.8 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Ryanair Holdings 453.97 Bn 448.50 Bn 1.55 Bn -
2 Delta Air Lines 54.89 Bn 49.84 Bn 15.19 Bn 1.43 Bn
3 Grupo Aeromexico, S.A.B. de C.V 47.52 Bn 46.49 Bn -239.00 Mn 201.00 Mn
4 Southwest Airlines 23.88 Bn 20.55 Bn 6.21 Bn 788.00 Mn
5 Copa Holdings 6.22 Bn 4.88 Bn 713.71 Mn -949.97 Mn
6 Alaska Air 5.64 Bn 3.87 Bn 3.20 Bn 391.00 Mn
7 Skywest 3.71 Bn 3.08 Bn 924.11 Mn 130.43 Mn
8 Controladora Vuela Compania de Aviacion, S.A.B. de C.V 2.23 Bn 2.23 Bn - 251.00 Mn
9 Jetblue Airways 2.11 Bn -62.86 Mn 1.87 Bn -6.00 Mn
10 Allegiant Travel 1.82 Bn 921.81 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 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