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Rafael Seminari

Research Analyst at UBS BB

Rafael Seminari's questions to Copa Holdings (CPA) leadership

Question · Q4 2025

Rafael Seminari inquired about the status of Copa's codeshare with Volaris, specifically if it remains intact given the potential deal between Volaris and Viva.

Answer

CEO Pedro Heilbron stated that the codeshare with Volaris, which began in November, is still spooling up. He expects the codeshare to continue and noted that it is not a significant part of Copa's overall business.

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