COPA HOLDINGS ANNOUNCES MONTHLY TRAFFIC STATISTICS FOR APRIL 2024

Rhea-AI Summary

Copa Holdings (NYSE: CPA) released preliminary passenger traffic statistics for April 2024.

Key metrics include a 9.6% increase in Available Seat Miles (ASM) to 2,421.1 million and an 11.2% rise in Revenue Passenger Miles (RPM) to 2,095.5 million compared to April 2023.

The load factor improved by 1.2 percentage points, reaching 86.6%.

Copa Holdings, a leading Latin American airline, offers passenger and cargo services across North, Central, and South America and the Caribbean.

Positive

• Capacity (ASMs) increased by 9.6% to 2,421.1 million.
• Passenger traffic (RPMs) rose by 11.2% to 2,095.5 million.
• Load factor improved by 1.2 percentage points, reaching 86.6%.

Negative

• The press release does not identify any immediate negative aspects.

News Market Reaction – CPA

+2.25%

1 alert

+2.25% News Effect

On the day this news was published, CPA gained 2.25%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

PANAMA CITY, May 14, 2024 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA) today released preliminary passenger traffic statistics for April 2024:

Operating Data	April 2024	April 2023	% Change
Copa Holdings (Consolidated)
ASM (mm) (1)	2,421.1	2,208.7	9.6 %
RPM (mm) (2)	2,095.5	1,884.4	11.2 %
Load Factor (3)	86.6 %	85.3 %	1.2 p.p.

1. Available seat miles - represents the aircraft seating capacity multiplied by the number of miles the seats are flown
2. Revenue passenger miles - represents the number of miles flown by revenue passengers
3. Load factor - represents the percentage of aircraft seating capacity that is actually utilized

For April 2024, Copa Holdings' capacity (ASMs) increased by 9.6%, while system-wide passenger traffic (RPMs) also increased by 11.2%, compared to 2023. As a result, the system load factor for the month was 86.6%, 1.2 percentage points higher than in April 2023.

Copa Holdings is a leading Latin American provider of passenger and cargo services. The Company, through its operating subsidiaries, provides service to countries in North, Central, and South America and the Caribbean. For more information visit www.copaair.com.

CPA-G

CONTACT: Daniel Tapia – Panamá
Director – Investor Relations
011 (507) 304-2774

View original content:https://www.prnewswire.com/news-releases/copa-holdings-announces-monthly-traffic-statistics-for-april-2024-302145204.html

SOURCE Copa Holdings, S.A.

FAQ

What was the percentage change in Copa Holdings' RPM in April 2024?

RPM increased by 11.2% in April 2024.

How much did Copa Holdings' ASM increase in April 2024 compared to April 2023?

ASM increased by 9.6% in April 2024 compared to April 2023.

What was Copa Holdings' load factor for April 2024?

The load factor for April 2024 was 86.6%.

What are the key passenger traffic statistics for Copa Holdings in April 2024?

In April 2024, Copa Holdings reported a 9.6% increase in ASM, an 11.2% rise in RPM, and a load factor of 86.6%.