From GlobeNewswire: 2025-02-12 18:40:00

Copa Holdings, S.A. reported a net profit of US$166.2 million for the fourth quarter of 2024, with an operating profit of US$204.2 million. The company’s operating margin was 23.3% for the quarter. Capacity increased by 7.2%, but revenue per available seat mile decreased by 10.4% compared to the same period in 2023.

For the full year 2024, Copa Holdings reported a net profit of US$608.5 million, with an operating profit of US$753.4 million. The company ended the year with approximately US$1.4 billion in cash and investments, representing 42% of its last twelve months’ revenues. Copa Holdings repurchased US$87 million worth of shares in 2024.

In 2024, Copa Holdings took delivery of two Boeing 737 MAX 8 aircraft, ending the year with a fleet of 112 aircraft. The company closed the year with total debt of US$2.0 billion and an Adjusted Net Debt to EBITDA ratio of 0.5 times. The Board of Directors approved a quarterly dividend payment of US$1.61 per share for 2025.

Copa Airlines was recognized as the most on-time airline in Latin America in 2024, with an on-time performance of 88.2%. Peter Donkersloot was appointed as the Chief Financial Officer, bringing over 20 years of international experience to the role. The company’s consolidated financial and operating highlights for 4Q24 showed positive growth compared to the same period in 2023.



Read more at GlobeNewswire:: Copa Holdings Reports Fourth-Quarter Financial Results