XML 72 R58.htm IDEA: XBRL DOCUMENT
v3.25.1

Income taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Major components of tax expense (income) [abstract] |
Summary of Income Tax Expense |
| 2024 |  | 2023 |  | 2022
Current taxes expense - |  |  |  |  |
Current period | $ | (87,431) |  |  | $ | (76,630) |  |  | $ | (45,561) |
Adjustment for prior period | 263 |  |  | 18 |  |  | 626 |
| $ | (87,168) |  |  | $ | (76,612) |  |  | $ | (44,935) |
Deferred taxes expenses - |  |  |  |  |
Origination and reversal of temporary differences | (10,506) |  |  | (20,393) |  |  | 4,759 |
Total income tax | $ | (97,674) |  |  | $ | (97,005) |  |  | $ | (40,176) |
Summary of Balances of Deferred Taxes | The balances of deferred taxes are as follows:
| Statement of financial position |  | Statement of profit or loss
| 2024 |  | 2023 |  | 2024 |  | 2023 |  | 2022
Deferred tax liabilities |  |  |  |  |  |  |  |  |
Maintenance deposits | $ | — |  |  | $ | (5,972) |  |  | $ | (5,972) |  |  | $ | (5,973) |  |  | $ | (5,973) |
Prepaid dividend tax | (36,992) |  |  | (30,984) |  |  | 6,008 |  |  | 25,183 |  |  | 3,798 |
Property and equipment | (300) |  |  | 389 |  |  | 689 |  |  | 555 |  |  | 558 |
Right of use assets | (18,900) |  |  | (17,136) |  |  | 1,764 |  |  | 17,136 |  |  | — |
Other | (4,495) |  |  | (1,385) |  |  | 3,110 |  |  | (353) |  |  | (141) |
Offsetting tax | 23,211 |  |  | 18,719 |  |  | (4,492) |  |  | (16,750) |  |  | (453) |
| $ | (37,476) |  |  | $ | (36,369) |  |  | $ | 1,107 |  |  | $ | 19,798 |  |  | $ | (2,211) |
Deferred tax assets |  |  |  |  |  |  |  |  |
Provision for return conditions | $ | 11,140 |  |  | $ | 11,521 |  |  | $ | 381 |  |  | $ | (1,714) |  |  | $ | (1,243) |
Air traffic liability | 1,046 |  |  | 2,089 |  |  | 1,043 |  |  | 597 |  |  | (224) |
Lease Liability | 21,486 |  |  | 18,971 |  |  | (2,515) |  |  | (18,971) |  |  | — |
Other provisions | 5,334 |  |  | 3,849 |  |  | (1,485) |  |  | (1,903) |  |  | 161 |
Tax loss | 4,954 |  |  | 12,437 |  |  | 7,483 |  |  | 5,836 |  |  | (1,695) |
Offsetting tax | (23,211) |  |  | (18,719) |  |  | 4,492 |  |  | 16,750 |  |  | 453 |
| $ | 20,749 |  |  | $ | 30,148 |  |  | $ | 9,399 |  |  | $ | 595 |  |  | $ | (2,548) |
| $ | (16,727) |  |  | $ | (6,221) |  |  | $ | 10,506 |  |  | $ | 20,393 |  |  | $ | (4,759) |
Summary of Reconciliation of Effective Tax Rate | Reconciliation of the effective tax rate is as follows:
| Tax rate |  | 2024 |  | Tax rate |  | 2023 |  | Tax rate |  | 2022
Net profit |  |  | $ | 608,114 |  |  |  |  | $ | 514,097 |  |  |  |  | $ | 348,054 |
Total income tax expense |  |  | 97,674 |  |  |  |  | 97,005 |  |  |  |  | 40,176 |
Profit excluding income tax |  |  | 705,788 |  |  |  |  | 611,102 |  |  |  |  | 388,230 |
Income taxes at Panamanian statutory rates | 25.0 | % |  | 176,447 |  |  | 25.0 | % |  | 152,776 |  |  | 25.0 | % |  | 97,057 |
Stations - Taxable / Panama | (15.2 | %) |  | (107,360) |  |  | (10.2 | %) |  | (62,113) |  |  | (16.8 | %) |  | (65,384) |
Stations - Taxable / Non Panama | 0.6 | % |  | 4,163 |  |  | (0.7 | %) |  | (4,414) |  |  | 0.2 | % |  | 945 |
Stations - Non Taxable / Non Panama | (1.0 | %) |  | (6,808) |  |  | (1.1 | %) |  | (6,483) |  |  | (2.3 | %) |  | (8,961) |
Dividend tax | 4.5 | % |  | 31,495 |  |  | 2.8 | % |  | 17,257 |  |  | 4.4 | % |  | 17,145 |
Over provided in prior periods | — | % |  | (263) |  |  | — | % |  | (18) |  |  | (0.1 | %) |  | (626) |
Provision for income taxes | 13.8 | % |  | $ | 97,674 |  |  | 15.9 | % |  | $ | 97,005 |  |  | 10.4 | % |  | $ | 40,176 |

X
- Definition The disclosure of income taxes. + References No definition available. + Details
Name: | cpa_DisclosureOfIncomeTaxesExplanatory
Namespace Prefix: | cpa_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of reconciliation of effective tax rate. + References No definition available. + Details
Name: | cpa_DisclosureOfReconciliationOfEffectiveTaxRateExplanatory
Namespace Prefix: | cpa_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of deferred taxes. [Refer: Deferred tax liabilities; Deferred tax assets] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2024-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_10_e&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_DisclosureOfDeferredTaxesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration