Copa Holdings' Traffic Improves Year Over Year in December 2025

Core Insights - Copa Holdings, S.A. (CPA) reported strong traffic numbers for December 2025, driven by high air travel demand, with revenue passenger miles (RPM) increasing year-over-year [1][7] Group 1: Traffic and Capacity - CPA's available seat miles (ASM) increased by 10% year-over-year in December to match the demand surge [2][7] - RPM surged by 10.9% year-over-year, indicating robust passenger volume growth [2][7] - The load factor improved to 86% in December 2025, up from 85.3% in December 2024, reflecting that traffic outpaced capacity expansion [2][7] Group 2: Price Performance - CPA's shares have risen by 41.7% year-to-date, significantly outperforming the Zacks Airline industry, which saw an 11.8% increase [3] Group 3: Competitor Performance - Ryanair reported a 7% year-over-year increase in passengers transported, totaling 14.5 million in December 2025, with a load factor of 92% [5] - LATAM Airlines experienced a 10.5% year-over-year increase in revenue passenger-kilometers (RPK) and transported 7.9 million passengers, a 7.6% increase year-over-year [6]