COPA HOLDINGS ANNOUNCES MONTHLY TRAFFIC STATISTICS FOR DECEMBER 2021

Rhea-AI Summary

Copa Holdings (NYSE: CPA) reported December 2021 passenger traffic metrics, revealing a decrease in capacity and traffic compared to December 2019. Available Seat Miles (ASMs) fell by 11.8% to 1,873.1 million, and Revenue Passenger Miles (RPMs) decreased by 13.5% to 1,569.6 million. The load factor for December was 83.8%, down 1.6 percentage points compared to 2019. The company continues to navigate the impacts of the Covid-19 pandemic.

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• None.

Negative

• Consolidated capacity (ASMs) decreased by 11.8% compared to December 2019.
• Passenger traffic (RPMs) fell by 13.5% compared to December 2019.
• Load factor declined by 1.6 percentage points compared to December 2019.

PANAMA CITY, Jan. 13, 2022 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA), today released preliminary passenger traffic statistics for December 2021:

Operating Data	December 2021	December 2019	% Change
Copa Holdings  (Consolidated)
ASM (mm) (1)	1,873.1	2,124.5	-11.8%
RPM (mm) (2)	1,569.6	1,814.0	-13.5%
Load Factor (3)	83.8%	85.4%	-1.6p.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 11.8% lower than December 2019, while passenger traffic (RPMs) decreased 13.5%, which resulted in a 83.8% 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-december-2021-301460852.html

SOURCE Copa Holdings, S.A.

FAQ

What are Copa Holdings' December 2021 passenger traffic statistics?

Copa Holdings reported a decrease in passenger traffic for December 2021, with ASMs down 11.8% and RPMs down 13.5% compared to December 2019.

How did Copa Holdings' load factor perform in December 2021?

Copa Holdings' load factor for December 2021 was 83.8%, which is a decline of 1.6 percentage points compared to December 2019.

Why are Copa Holdings' traffic reports compared to 2019?

Copa Holdings compares its traffic reports to 2019 statistics due to irregular operations starting in March 2020 caused by the Covid-19 pandemic.

What is the significance of the reported ASM and RPM figures for Copa Holdings?

The ASM and RPM figures indicate a decline in capacity and traffic, which may impact Copa Holdings' financial performance and investor sentiment.