COPA HOLDINGS ANNOUNCES MONTHLY TRAFFIC STATISTICS FOR AUGUST 2022

Rhea-AI Summary

Copa Holdings, S.A. (NYSE: CPA) reported its preliminary passenger traffic statistics for August 2022. The consolidated capacity (ASMs) was up 0.4% compared to August 2019, while passenger traffic (RPMs) rose by 2.0%. This resulted in a system load factor of 86.6%, marking a 1.4 percentage point increase from August 2019. Copa Holdings continues to operate as a leading provider of passenger and cargo services across the Americas.

Positive

• Passenger traffic (RPMs) increased by 2.0% compared to August 2019.
• Consolidated capacity (ASMs) was 0.4% higher than August 2019.
• System load factor improved to 86.6%, a 1.4 percentage point increase from August 2019.

Negative

• None.

PANAMA CITY, Panama, Sept. 13, 2022 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA), today released preliminary passenger traffic statistics for August 2022:

Operating Data	August	August	% Change
	2022	2019
Copa Holdings  (Consolidated)
ASM (mm) (1)	2,133.3	2,125.5	0.4 %
RPM (mm) (2)	1,847.8	1,812.2	2.0 %
Load Factor (3)	86.6 %	85.3 %	1.4p.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 are comparing this traffic report to 2019 statistics. 

Consolidated capacity (ASMs) came in 0.4% higher than August 2019, while passenger traffic (RPMs) increased 2.0%. As a result, system load factor for the month was 86.6%, 1.4 percentage points higher than August 2019.

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-august-2022-301623393.html

SOURCE Copa Holdings, S.A.

FAQ

What were Copa Holdings' passenger traffic statistics for August 2022?

Copa Holdings reported a 2.0% increase in passenger traffic (RPMs) compared to August 2019.

How did Copa Holdings' capacity change in August 2022 compared to 2019?

The consolidated capacity (ASMs) for August 2022 was 0.4% higher than in August 2019.

What was the load factor for Copa Holdings in August 2022?

Copa Holdings recorded a load factor of 86.6% in August 2022, up by 1.4 percentage points from August 2019.

How does Copa Holdings' August 2022 performance compare to previous years?

Copa's performance in August 2022 shows an increase in both passenger traffic and capacity compared to August 2019.

What is the stock symbol for Copa Holdings?

The stock symbol for Copa Holdings is CPA.