COPA HOLDINGS ANNOUNCES MONTHLY TRAFFIC STATISTICS FOR DECEMBER 2022

Rhea-AI Summary

Copa Holdings, S.A. (NYSE: CPA) reported its preliminary passenger traffic statistics for December 2022, showing a 7.7% increase in capacity (ASMs) compared to December 2019. Passenger traffic (RPMs) also rose by 6.1%. However, the load factor decreased to 84.1%, representing a decline of 1.3 percentage points from December 2019. The data reflects the ongoing recovery in operations post-COVID-19 disruptions, as the company continues to provide essential passenger and cargo services across Latin America and the Caribbean.

Positive

• Increased capacity (ASMs) by 7.7% compared to December 2019.
• Passenger traffic (RPMs) rose by 6.1% compared to December 2019.

Negative

• Load factor decreased by 1.3 percentage points to 84.1% compared to December 2019.

PANAMA CITY, Jan. 11, 2023 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA) today released preliminary passenger traffic statistics for December 2022:

Operating Data	December	December	% Change
	2022	2019
Copa Holdings  (Consolidated)
ASM (mm) (1)	2,288.1	2,124.5	7.7 %
RPM (mm) (2)	1,924.1	1,814.0	6.1 %
Load Factor (3)	84.1 %	85.4 %	-1.3p.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 7.7% higher than in December 2019, while passenger traffic (RPMs) increased by 6.1%. As a result, the load factor for the month was 84.1%, 1.3 percentage points lower than in December 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.

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

CPA-G

View original content:https://www.prnewswire.com/news-releases/copa-holdings-announces-monthly-traffic-statistics-for-december-2022-301719266.html

SOURCE Copa Holdings, S.A.

FAQ

What were Copa Holdings' traffic statistics for December 2022?

Copa Holdings reported a 7.7% increase in capacity and a 6.1% rise in passenger traffic compared to December 2019.

How did Copa Holdings' load factor perform in December 2022?

The load factor for December 2022 decreased to 84.1%, down 1.3 percentage points from December 2019.

What is the significance of Copa Holdings' December 2022 traffic report?

The report indicates a continuing recovery in operations post-COVID-19, as reflected by the increase in capacity and passenger traffic.

How do Copa Holdings' December 2022 results compare to pre-pandemic levels?

The results show an increase in both capacity and passenger traffic from December 2019, indicating a positive recovery trend.