Copa Holdings, S.A. (CPA) has reached its highest trading level in 52 weeks, reflecting strong momentum in Latin American air travel demand. Analysts assess the stock as a potential buy near its peak, driven by operational improvements and strategic expansion.
- CPA reached a 52-week high of $28.45 on December 9, 2025
- Q3 2025 adjusted EBITDA: $287 million, up 12% YoY
- Passenger traffic increased 15% YoY, with 86.4% load factor
- Market cap: ~$4.3 billion
- P/E ratio: 16.2, below regional airline average
- Cargo revenue up 20% in 2025, contributing to 18% non-ticket revenue growth
Copa Holdings, S.A. (CPA) closed at $28.45 on December 9, 2025, marking a 24.3% increase year-to-date and its highest intraday level since December 2024. The stock’s performance follows a series of quarterly earnings beats, including a Q3 2025 adjusted EBITDA of $287 million, up 12% from the same period in 2024. This growth was fueled by a 15% year-over-year rise in passenger traffic, with load factors averaging 86.4% across its network in the third quarter. The company’s expansion into key South American markets, including new routes from Panama City to São Paulo and Bogotá, has strengthened its hub-based model. Copa’s cargo division reported a 20% revenue increase, contributing to an overall 18% rise in non-ticket revenue. These results come amid broader recovery in Latin American tourism, with international visitor arrivals in Panama up 17% in the first 11 months of 2025 compared to 2023. Market analysts note that CPA’s current price-to-earnings ratio of 16.2 is below the industry average for regional airlines, suggesting potential undervaluation despite the recent rally. The stock’s market capitalization stands at approximately $4.3 billion, positioning it as a mid-cap player with higher volatility but significant upside in a recovering regional aviation sector. Investors in CPA may benefit from broader macro trends, including increased business travel in Central America and rising consumer confidence across Mexico and Colombia. However, risks remain tied to fuel price fluctuations and currency volatility in local markets. The stock’s 52-week high now serves as a key psychological and technical resistance level, with technical indicators showing overbought conditions in the short term.