Added to YB: 2026-06-24
Pitch date: 2026-06-21
CPA [neutral]
Copa Holdings, S.A.
Author Info
No bio for this author
Company Info
Copa Holdings, S.A., through its subsidiaries, provides airline passenger, and cargo and mail transportation services in North America, South America, Central America, and the Caribbean.
Market Cap
$6.3B
Pitch Price
N/A
Price Target
N/A
Dividend
4.47%
EV/EBITDA
5.91
P/E
8.92
EV/Sales
1.95
Sector
Passenger Airlines
Category
value
Copa Holdings: The Airline Buffett Should Buy
CPA (watchlist): Best-in-class LATAM airline w/ unmatched Tocumen hub moat (85 dests, 5,000+ city pairs), industry-low 5.8c ex-fuel CASM, 99.8% completion factor, single-fleet 737s, 0.6x net debt/EBITDA, 4-5% yield, aligned owner-CEO. Base case ~15% return at 9x. Risks: unhedged fuel ($1 swing=$380M), Boeing, geopolitics, hub concentration. Fairly/richly priced post-rally; holding off for deep-discount entry.
Read full article (11 min)