COPA HOLDINGS SA

Ticker: CPA CUSIP: P31076105 Class: CL A

Teewinot Capital Advisers, L.L.C.'s Holding History (CIK: 0001574886)

Note: Option positions (PUT/CALL) are excluded.

Q1 2019

Shares 33,500 Value ($000) $2,700 Avg Close $72.33 Range $63.42 - $82.03

Q4 2018

Shares 33,500 Value ($000) $2,637 Avg Close $63.78 Range $54.70 - $72.31

Q3 2016

Shares 8,800 Value ($000) $774 Avg Close $58.31 Range $38.58 - $69.96

Q2 2016

Shares 11,500 Value ($000) $601 Avg Close $43.95 Range $37.20 - $53.78

Q1 2016

Shares 7,000 Value ($000) $474 Avg Close $42.39 Range $32.06 - $54.63

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2019	33,500	$2,700	$72.33	$63.42 - $82.03
Q4 2018	33,500	$2,637	$63.78	$54.70 - $72.31
Q3 2016	8,800	$774	$58.31	$38.58 - $69.96
Q2 2016	11,500	$601	$43.95	$37.20 - $53.78
Q1 2016	7,000	$474	$42.39	$32.06 - $54.63