Copa Holdings (CPA) Operating Expenses (2009 - 2025)

Copa Holdings (CPA) reported Operating Expenses of $753.3 million for Q4 2025, up 11.62% on a YoY basis from $674.9 million in Q4 2024, and up 7.48% sequentially from $700.8 million in Q3 2025.

Copa Holdings (CPA) Operating Expenses (2009 - 2025) Analysis & Trends

Copa Holdings (CPA) has 17 years of Operating Expenses data on file, last reported at $753.3 million in Q4 2025.

  • For the quarter ending Q4 2025, Operating Expenses rose 11.62% year-over-year to $753.3 million; the trailing twelve-month figure through Dec 2025 stood at $2.8 billion (up 3.92% YoY), and the FY2025 full-year result was $2.8 billion, up 3.92% from the prior year.
  • Operating Expenses advanced to $753.3 million in Q4 2025, from $700.8 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $753.3 million in Q4 2025 to a low of $262.8 million in Q1 2021.
  • A 5-year average of $600.7 million and a median of $664.2 million in 2022 frame the typical range for Operating Expenses.
  • Peak annual rise in Operating Expenses reached 176.99% in 2021, while the deepest fall reached 47.11% in 2021.
  • Tracing CPA's Operating Expenses over 5 years: stood at $413.7 million in 2021, then jumped by 62.18% to $671.0 million in 2022, then gained by 4.11% to $698.5 million in 2023, then retreated by 3.38% to $674.9 million in 2024, then rose by 11.62% to $753.3 million in 2025.
  • Business Quant data shows CPA's Operating Expenses at $753.3 million in Q4 2025, $700.8 million in Q3 2025, and $659.4 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Latam Airlines 30,814.61 Bn 30,811.94 Bn 1.28 Mn -3.34 Bn
2 Ryanair Holdings 60.93 Bn 57.74 Bn - 4.33 Bn
3 Delta Air Lines 56.67 Bn 52.01 Bn 19.07 Bn 17.89 Bn
4 Southwest Airlines 22.19 Bn 18.39 Bn 7.33 Bn 8.15 Bn
5 Controladora Vuela Compania de Aviacion, S.A.B. de C.V 8.93 Bn 8.11 Bn - 958.00 Mn
6 Copa Holdings 5.69 Bn 4.35 Bn 713.71 Mn 753.30 Mn
7 Alaska Air 5.38 Bn 3.61 Bn 3.20 Bn 3.58 Bn
8 Skywest 4.31 Bn 3.71 Bn 1.01 Bn 946.92 Mn
9 Jetblue Airways 2.00 Bn 1.58 Bn 1.87 Bn 2.46 Bn
10 Allegiant Travel 1.82 Bn 918.90 Mn 651.87 Mn 651.33 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 753.30 Mn
Sep 30, 2025 700.84 Mn
Jun 30, 2025 659.36 Mn
Mar 31, 2025 685.36 Mn
Dec 31, 2024 674.87 Mn
Sep 30, 2024 681.00 Mn
Jun 30, 2024 659.90 Mn
Mar 31, 2024 677.48 Mn
Dec 31, 2023 698.50 Mn
Sep 30, 2023 662.70 Mn
Jun 30, 2023 614.52 Mn
Mar 31, 2023 674.05 Mn
Dec 31, 2022 670.95 Mn
Sep 30, 2022 665.75 Mn
Jun 30, 2022 651.13 Mn
Mar 31, 2022 526.81 Mn
Dec 31, 2021 413.70 Mn
Sep 30, 2021 385.99 Mn
Jun 30, 2021 295.52 Mn
Mar 31, 2021 262.76 Mn