Copa Airlines sticks to no-hedge stance as fuel shock tests airlines, CEO says

Copa Holdings SA

07/06/2026 15:11

By Gabriel Araujo and Luciana Magalhaes
RIO DE JANEIRO, June 7 (Reuters) - Copa Airlines CPA.N has no plans to hedge fuel despite the recent price shock linked to the war in Iran, CEO Pedro Heilbron told Reuters, betting its strong balance sheet and pricing adjustments will help absorb the impact.
The Panamanian carrier has not used fuel hedges for more than a decade and does not intend to change course, he added, during an interview on Saturday on the sidelines of a global gathering of top airline executives in Rio de Janeiro.

(Reporting by Gabriel Araújo and Luciana Magalhães in Rio de Janeiro, editing by Manuela Andreoni)
((manuela.andreoni@thomsonreuters.com))