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COPA HOLDINGS ANNOUNCES MONTHLY TRAFFIC STATISTICS FOR AUGUST 2024

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Copa Holdings (NYSE: CPA) released its August 2024 traffic statistics, showing mixed results. The company's capacity (ASMs) increased by 8.2% compared to August 2023, reaching 2,603.4 million. Passenger traffic (RPMs) grew by 5.8% to 2,215.2 million. However, the load factor decreased by 1.9 percentage points to 85.1%.

These figures indicate that Copa Holdings expanded its operations but faced challenges in filling seats at the same rate as the previous year. As a leading Latin American airline, Copa provides passenger and cargo services to various countries in the Americas and the Caribbean.

Copa Holdings (NYSE: CPA) ha pubblicato le sue statistiche sul traffico di agosto 2024, mostrando risultati misti. La capacità (ASMs) è aumentata dell'8,2% rispetto ad agosto 2023, raggiungendo 2.603,4 milioni. Il traffico passeggeri (RPMs) è cresciuto del 5,8%, arrivando a 2.215,2 milioni. Tuttavia, il fattore di carico è diminuito di 1,9 punti percentuali, scendendo all'85,1%.

Questi dati indicano che Copa Holdings ha ampliato le sue operazioni ma ha affrontato difficoltà a riempire i posti allo stesso ritmo dell'anno precedente. Come una delle principali compagnie aeree latinoamericane, Copa offre servizi passeggeri e cargo a vari paesi delle Americhe e dei Caraibi.

Copa Holdings (NYSE: CPA) publicó sus estadísticas de tráfico de agosto de 2024, mostrando resultados mixtos. La capacidad (ASMs) aumentó un 8.2% en comparación con agosto de 2023, alcanzando 2.603,4 millones. El tráfico de pasajeros (RPMs) creció un 5.8% hasta 2.215,2 millones. Sin embargo, el factor de carga disminuyó 1.9 puntos porcentuales hasta el 85.1%.

Estas cifras indican que Copa Holdings expandió sus operaciones, pero enfrentó desafíos para llenar los asientos al mismo ritmo que el año anterior. Como una de las principales aerolíneas de América Latina, Copa proporciona servicios de pasajeros y carga a varios países de las Américas y el Caribe.

코파 홀딩스(Copa Holdings, NYSE: CPA)는 2024년 8월 교통 통계를 발표하며 혼합된 결과를 보여주었습니다. 회사의 수용력(ASMs)은 2023년 8월 대비 8.2% 증가하여 26억 340만으로 도달하였습니다. 승객 교통(RPMs)은 5.8% 성장하여 22억 1520만에 이르렀습니다. 그러나 적재 계수는 1.9포인트 감소하여 85.1%에 이르렀습니다.

이 데이터는 코파 홀딩스가 운영을 확장했지만 지난해와 같은 속도로 좌석을 채우는 데는 어려움을 겪었다는 것을 나타냅니다. 주요 라틴 아메리카 항공사로서 코파는 아메리카와 카리브해의 다양한 국가에 승객 및 화물 서비스를 제공합니다.

Copa Holdings (NYSE : CPA) a publié ses statistiques de trafic pour août 2024, révélant des résultats mitigés. La capacité (ASMs) a augmenté de 8,2% par rapport à août 2023, atteignant 2 603,4 millions. Le trafic passager (RPMs) a augmenté de 5,8%, atteignant 2 215,2 millions. Cependant, le taux de remplissage a diminué de 1,9 points de pourcentage, s'élevant à 85,1%.

Ces chiffres indiquent que Copa Holdings a élargi ses opérations, mais a rencontré des défis pour remplir les sièges au même rythme que l'année précédente. En tant que l'une des principales compagnies aériennes d'Amérique latine, Copa fournit des services de passagers et de fret vers divers pays des Amériques et des Caraïbes.

Copa Holdings (NYSE: CPA) hat seine Verkehrszahlen für August 2024 veröffentlicht, die gemischte Ergebnisse zeigen. Die Kapazität (ASMs) stieg um 8,2% im Vergleich zu August 2023 und erreichte 2.603,4 Millionen. Der Passagierverkehr (RPMs) wuchs um 5,8% auf 2.215,2 Millionen. Der auslastungsgrad hingegen sank um 1,9 Prozentpunkte auf 85,1%.

Diese Zahlen zeigen, dass Copa Holdings seine Aktivitäten ausgeweitet hat, aber Schwierigkeiten hatte, die Sitze im gleichen Maße wie im Vorjahr zu füllen. Als eines der führenden Fluggesellschaften in Lateinamerika bietet Copa Passagier- und Frachtservices in verschiedenen Ländern Amerikas und der Karibik an.

Positive
  • Capacity (ASMs) increased by 8.2% year-over-year
  • Passenger traffic (RPMs) grew by 5.8% compared to August 2023
Negative
  • Load factor decreased by 1.9 percentage points to 85.1%
  • Passenger traffic growth (5.8%) lagged behind capacity growth (8.2%)

Copa Holdings' August 2024 traffic statistics reveal mixed results. While capacity (ASMs) increased by 8.2%, passenger traffic (RPMs) grew at a slower rate of 5.8%, resulting in a 1.9 percentage point drop in load factor to 85.1%. This divergence suggests potential challenges in demand or pricing.

The 8.2% capacity increase indicates fleet expansion or route network growth, which could lead to higher revenues if managed effectively. However, the slower growth in passenger traffic and decreased load factor may impact profitability. Investors should monitor whether this trend continues and how it affects Copa's yield and unit revenue metrics in the coming months.

While a 85.1% load factor is still relatively healthy for the airline industry, the year-over-year decline warrants attention. Copa may need to adjust its pricing strategy or capacity deployment to optimize its load factor and maintain profitability in a competitive market environment.

The August 2024 traffic statistics for Copa Holdings offer insights into Latin American air travel trends. The 8.2% increase in capacity suggests Copa's confidence in market growth, possibly reflecting economic improvements or increased tourism in the region. However, the 5.8% rise in passenger traffic, while positive, lags behind capacity growth, indicating potential market saturation or economic headwinds.

The 1.9 percentage point decrease in load factor to 85.1% might signal intensifying competition or shifts in travel patterns. Copa may need to reassess its route network or adjust marketing strategies to stimulate demand and improve capacity utilization. Investors should consider broader economic indicators and competitor performance to gauge whether this is an industry-wide trend or specific to Copa.

Long-term, Copa's expansion strategy could position it well for future growth, but the company must balance capacity additions with demand to maintain profitability and market share in the dynamic Latin American aviation market.

PANAMA CITY, September 11, 2024 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA) today released preliminary passenger traffic statistics for August 2024:

Operating Data

August
2024

August
2023

% Change

Copa Holdings (Consolidated)




ASM (mm) (1)

2,603.4

2,407.1

8.2 %

RPM (mm) (2)

2,215.2

2,093.3

5.8 %

Load Factor (3)

85.1 %

87.0 %

      -1.9 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 August 2024, Copa Holdings' capacity (ASMs) increased by 8.2%, while system-wide passenger traffic (RPMs) increased by 5.8%, compared to 2023. As a result, the system load factor for the month was 85.1%, 1.9 percentage points lower than in August 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

Cision View original content:https://www.prnewswire.com/news-releases/copa-holdings-announces-monthly-traffic-statistics-for-august-2024-302244931.html

SOURCE Copa Holdings, S.A.

FAQ

What was Copa Holdings' (CPA) capacity increase in August 2024?

Copa Holdings (CPA) reported an 8.2% increase in capacity (ASMs) for August 2024 compared to the same month in 2023.

How did Copa Holdings' (CPA) passenger traffic change in August 2024?

Copa Holdings (CPA) experienced a 5.8% increase in passenger traffic (RPMs) in August 2024 compared to August 2023.

What was Copa Holdings' (CPA) load factor in August 2024?

Copa Holdings (CPA) reported a load factor of 85.1% for August 2024, which was 1.9 percentage points lower than in August 2023.

How did Copa Holdings' (CPA) load factor change compared to the previous year?

Copa Holdings' (CPA) load factor decreased by 1.9 percentage points in August 2024 compared to August 2023, dropping from 87.0% to 85.1%.

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Copa Holdings, S.A.

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30.66M
94.23%
3.42%
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