COPA HOLDINGS ANNOUNCES MONTHLY TRAFFIC STATISTICS FOR FEBRUARY 2022

Rhea-AI Summary

Copa Holdings, S.A. (NYSE: CPA) reported preliminary passenger traffic statistics for February 2022, revealing a 9.8% decline in consolidated capacity (available seat miles) compared to February 2019. Additionally, revenue passenger miles dropped by 13.0%, resulting in a load factor of 80.7%, down 2.9 percentage points from the same month in 2019. The company continues to use 2019 as a benchmark due to operational irregularities caused by the Covid-19 pandemic since March 2020.

Positive

• Copa Holdings reported a load factor of 80.7%, indicating effective capacity utilization during February 2022.

Negative

• Consolidated capacity decreased by 9.8% compared to February 2019.
• Revenue passenger miles fell by 13.0% compared to February 2019.

PANAMA CITY, Panama , March 10, 2022 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA), today released preliminary passenger traffic statistics for February 2022:

Operating Data	February	February	% Change
	2022	2019
Copa Holdings  (Consolidated)
ASM (mm) (1)	1,763.4	1,956.0	-9.8%
RPM (mm) (2)	1,423.1	1,636.0	-13.0%
Load Factor (3)	80.7%	83.6%	-2.9p.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 9.8% lower than February 2019, while passenger traffic (RPMs) decreased 13.0%, which resulted in an 80.7% 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-february-2022-301500602.html

SOURCE Copa Holdings, S.A.

FAQ

What were Copa Holdings's passenger traffic statistics for February 2022?

Copa Holdings reported a 9.8% decline in capacity and a 13.0% drop in revenue passenger miles, resulting in an 80.7% load factor.

How does Copa Holdings's February 2022 traffic compare to pre-pandemic levels?

Compared to February 2019, Copa's capacity was down 9.8% and passenger traffic was down 13.0%.

What is the stock symbol for Copa Holdings?

The stock symbol for Copa Holdings is CPA.

What is the load factor reported by Copa Holdings for February 2022?

Copa Holdings reported a load factor of 80.7% for February 2022.