Copa Holdings Announces Monthly Traffic Statistics For August 2021

Rhea-AI Summary

Copa Holdings, S.A. (NYSE: CPA) released preliminary passenger traffic statistics for August 2021, showing a notable decline in performance compared to August 2019. Consolidated capacity (ASMs) decreased by 30.6%, and passenger traffic (RPMs) fell by 35.2%. The load factor stood at 79.6%, down 5.7 percentage points from 85.3% in 2019. These figures reflect ongoing impacts from the Covid-19 pandemic, with comparisons being made to pre-pandemic levels since March 2020.

Positive

• None.

Negative

• Consolidated capacity (ASMs) decreased by 30.6% compared to August 2019.
• Passenger traffic (RPMs) fell by 35.2% compared to August 2019.
• Load factor decreased by 5.7 percentage points from 85.3% in August 2019.

PANAMA CITY, Sept. 9, 2021 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA), today released preliminary passenger traffic statistics for August 2021:

Operating Data	August	August	% Change
	2021	2019
Copa Holdings  (Consolidated)
ASM (mm) (1)	1,475.9	2,125.5	-30.6%
RPM (mm) (2)	1,174.5	1,812.2	-35.2%
Load Factor (3)	79.6%	85.3%	-5.7p.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 numbers of miles flown by revenue passengers
3.  Load factor - represents the percentage of aircraft seating capacity that is actually utilized

Given the irregular nature of the Company's operations starting in March 2020 due to the Covid-19 pandemic, we will compare this and future traffic reports to 2019 statistics. 

Consolidated capacity (ASMs) came in 30.6% lower than August 2019, while passenger traffic (RPMs) decreased 35.2%, which resulted in a 79.6% load factor.

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.copa.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-august-2021-301373025.html

SOURCE Copa Holdings, S.A.

FAQ

What were Copa Holdings' passenger traffic statistics for August 2021?

Copa Holdings reported a 30.6% decrease in ASMs and a 35.2% decline in RPMs compared to August 2019, with a load factor of 79.6%.

How does Copa Holdings' August 2021 performance compare to 2019?

Copa's August 2021 capacity and traffic were significantly lower than August 2019, with ASMs down 30.6% and RPMs down 35.2%.

What is the load factor reported by Copa Holdings for August 2021?

The load factor for August 2021 was 79.6%, down 5.7 percentage points from August 2019.