Copa Holdings Announces Monthly Traffic Statistics for February 2021

Rhea-AI Summary

Copa Holdings, S.A. (NYSE: CPA) reported preliminary passenger traffic statistics for February 2021. The airline's consolidated capacity measured in Available Seat Miles (ASMs) dropped 62.8% compared to February 2020, while Revenue Passenger Miles (RPMs) fell by 69.1%. This resulted in a load factor of 69.6%, a decline of 14.4 percentage points year-over-year. Copa Holdings serves 80 destinations across 33 countries in the Americas and the Caribbean.

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• Consolidated capacity (ASMs) decreased by 62.8% year-over-year.
• Revenue passenger miles (RPMs) declined by 69.1%.
• Load factor fell to 69.6%, a drop of 14.4 percentage points year-over-year.

PANAMA CITY, Panama, March 10, 2021 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA), today released preliminary passenger traffic statistics for February 2021:

Operating Data	February	February	% Change
	2021	2020
Copa Holdings  (Consolidated)
ASM (mm) (1)	728.1	1,955.5	-62.8%
RPM (mm) (2)	506.8	1,642.7	-69.1%
Load Factor (3)	69.6%	84.0%	-14.4p.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

Consolidated capacity (ASMs) came in 62.8% lower than February 2020, while passenger traffic (RPMs) decreased 69.1%, which resulted in a 69.6% load factor, 14.4 percentage points lower year over year. 

Copa Holdings is a leading Latin American provider of passenger and cargo services.  The Company, through its operating subsidiaries, provides service to 80 destinations in 33 countries in North, Central and South America and the Caribbean.  For more information visit www.copa.com.

CONTACT:  Raúl Pascual – Panamá
Director – Investor Relations
011 (507) 304-2774

CPA-G

View original content:http://www.prnewswire.com/news-releases/copa-holdings-announces-monthly-traffic-statistics-for-february-2021-301244860.html

SOURCE Copa Holdings, S.A.

FAQ

What is Copa Holdings' passenger traffic for February 2021?

Copa Holdings reported a 69.1% decrease in Revenue Passenger Miles (RPMs) for February 2021 compared to February 2020.

How did Copa Holdings' capacity change in February 2021?

The consolidated capacity (ASMs) for Copa Holdings decreased by 62.8% compared to February 2020.

What was the load factor for Copa Holdings in February 2021?

Copa Holdings had a load factor of 69.6% in February 2021, down 14.4 percentage points year-over-year.

What geographical regions does Copa Holdings serve?

Copa Holdings operates in 80 destinations across 33 countries in North, Central, and South America, as well as the Caribbean.