COPA HOLDINGS ANNOUNCES MONTHLY TRAFFIC STATISTICS FOR JANUARY 2023

Rhea-AI Summary

Copa Holdings, S.A. (NYSE: CPA) reported its preliminary passenger traffic statistics for January 2023, indicating a 1.3% increase in consolidated capacity (ASMs) compared to January 2019. Revenue passenger miles (RPMs) rose by 6.3%, leading to a load factor of 87.1%, which is 4.1 percentage points lower than the same month in 2019. The statistics reflect the ongoing recovery from the Covid-19 pandemic, with comparisons made to pre-pandemic levels. Copa Holdings continues to operate throughout North, Central, and South America, as well as the Caribbean.

Positive

• Consolidated capacity (ASMs) increased by 1.3% compared to January 2019.
• Revenue passenger miles (RPMs) rose by 6.3%, indicating growth in passenger traffic.

Negative

• Load factor decreased by 4.1 percentage points compared to January 2019.

PANAMA CITY, Feb. 13, 2023 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA) today released preliminary passenger traffic statistics for January 2023:

Operating Data	January	January	% Change
	2023	2019
Copa Holdings  (Consolidated)
ASM (mm) (1)	2,364.1	2,332.8	1.3 %
RPM (mm) (2)	2,059.3	1,937.2	6.3 %
Load Factor (3)	87.1 %	83.0 %	4.1p.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 1.3% higher than in January 2019, while passenger traffic (RPMs) increased by 6.3%. As a result, the load factor for the month was 87.1%, 4.1 percentage points lower than in January 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.

CPA-G

PRESS RELEASE 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-2023-301745672.html

SOURCE Copa Holdings, S.A.

FAQ

What were Copa Holdings' passenger traffic statistics for January 2023?

Copa Holdings reported a 1.3% increase in consolidated capacity and a 6.3% rise in revenue passenger miles.

How did the load factor change for Copa Holdings in January 2023?

The load factor for January 2023 was 87.1%, which is 4.1 percentage points lower than January 2019.

How does Copa Holdings' January 2023 performance compare to pre-pandemic levels?

Copa's January 2023 performance shows a growth in capacity and passenger traffic compared to January 2019.

What does the increase in RPMs indicate for Copa Holdings?

The increase in RPMs suggests a recovery in passenger demand for Copa Holdings.

When did Copa Holdings release its traffic statistics for January 2023?

Copa Holdings released its preliminary passenger traffic statistics on February 13, 2023.