COPA HOLDINGS ANNOUNCES MONTHLY TRAFFIC STATISTICS FOR JANUARY 2022

Rhea-AI Summary

Copa Holdings, S.A. (NYSE: CPA) reported preliminary passenger traffic statistics for January 2022. Consolidated capacity (ASMs) was down 18.0% compared to January 2019. Revenue passenger miles (RPMs) also decreased by 22.0%, leading to a load factor of 79.0%, which is a decline of 4.0 percentage points from 83.0% in January 2019. The company continues to compare figures against pre-pandemic statistics due to ongoing impacts of the Covid-19 pandemic on operations.

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• None.

Negative

• Consolidated capacity (ASMs) decreased by 18.0% compared to January 2019.
• Revenue passenger miles (RPMs) fell by 22.0%, indicating reduced passenger traffic.
• Load factor declined by 4.0 percentage points from 83.0% in January 2019.

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

Operating Data	January	January	% Change
	2022	2019
Copa Holdings  (Consolidated)
ASM (mm) (1)	1,912.3	2,332.8	-18.0%
RPM (mm) (2)	1,511.1	1,937.2	-22.0%
Load Factor (3)	79.0%	83.0%	-4.0p.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 18.0% lower than January 2019, while passenger traffic (RPMs) decreased 22.0%, which resulted in a 79.0% 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-january-2022-301480984.html

SOURCE Copa Holdings, S.A.

FAQ

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

In January 2022, Copa Holdings reported a consolidated capacity (ASMs) decline of 18.0% and a revenue passenger miles (RPMs) decrease of 22.0% compared to January 2019.

What is the load factor for Copa Holdings in January 2022?

Copa Holdings recorded a load factor of 79.0% in January 2022, down 4.0 percentage points from 83.0% in January 2019.

Why does Copa Holdings compare its January 2022 traffic to January 2019?

Copa Holdings compares January 2022 traffic to January 2019 due to the irregular operational impacts caused by the Covid-19 pandemic starting in March 2020.

How did Copa Holdings' January 2022 ASM compare to January 2019?

Copa Holdings' January 2022 ASM was 1,912.3 million, which is an 18.0% decrease from 2,332.8 million in January 2019.

What trends were observed in Copa Holdings' RPM for January 2022?

Copa Holdings reported revenue passenger miles (RPM) of 1,511.1 million for January 2022, a decline of 22.0% compared to 1,937.2 million in January 2019.