Copa Holdings, operator of Panama-based Copa Airlines, saw double-digit increases in capacity and passenger revenue last month.
In November 2025, available seat miles (ASM) rose 10% to 2,777 compared to the same period last year, while revenue passenger miles (RPM) rose 10.2% to 2,173.
Load factor for the month was 86.2%, 0.1 percentage points higher than in November 2024.
Last month, Copa Airlines reported a third-quarter operating profit of $212.3 million — an increase of 22.2% over the same period last year.
Pre-tax profit climbed 19.8% to $202.75 million, while net profit climbed 18.7% to $173.35 million.
During an earnings call, management said it “remains confident” in its full-year performance, with the company narrowing its guidance on operating margin towards the upper end at 22-23%.