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| Date | Value |
|---|---|
| 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 |