The airline maintains 11%-13% full-year capacity growth despite jet fuel prices rising 80%-90% year-over-year.
Copa Holdings projected a Q2 operating margin of 8%-12%, reflecting an 80%-90% increase in jet fuel costs. The company cited strong regional demand and cost discipline for its Q1 performance.
Management maintained its full-year capacity growth target of 11%-13%, unchanged from prior guidance. Q1 results were driven by operational efficiency and robust travel demand across Latin America.
No immediate market reaction was disclosed in the earnings call summary.