COPA HOLDINGS, S.A.
boothcheck covers COPA HOLDINGS, S.A. (CPA) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed July 25, 2026.
• Almost the entire business is one product: passenger revenue supplies about 93% of the top line, with cargo, mail and the loyalty programme making up the rest, all of it flown through a single Panama City hub offering ⟦"approximately 436 daily scheduled flights among 84 destinations in 32 countries in North, Central and South America and the Caribbean"⟧. • The risk showing up first is capacity outrunning demand: in June 2026 available seat miles grew 16.4% while traffic grew 13.3%, pulling the
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294 institutional managers reported holding CPA in 13F filings for the quarter ended 2026-03-31. Together they hold about 61% of the company; the top 10 hold 35%. 48 opened new positions that quarter. Held by Capital Group (American Funds), Baillie Gifford, Dimensional Fund Advisors, among others. On the short side, 1.5M shares were sold short as of the 2026-06-15 count, about 4% of shares outstanding (4 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
CPA has cut its share count 2.3% over the past five years. It pays a dividend, and has for 3 years running. Cash returned over the past three years: $669.28M in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.