Copa Holdings Announces Monthly Traffic Statistics for January 2021

Rhea-AI Summary

Copa Holdings, S.A. (NYSE: CPA) reported significant declines in passenger traffic for January 2021 compared to January 2020. Available Seat Miles (ASMs) decreased by 54.8%, totaling 979.5 million, while Revenue Passenger Miles (RPMs) fell by 66.0% to 621.4 million. The load factor was 63.4%, a drop of 20.8 percentage points year-over-year. This decline reflects ongoing challenges in the aviation sector due to the pandemic, impacting overall operational capacity.

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• None.

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• ASMs decreased by 54.8%, indicating reduced capacity.
• RPMs fell by 66.0%, showing significant drop in passenger traffic.
• Load factor declined to 63.4%, down 20.8 percentage points year over year.

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

Operating Data	January	January	% Change
	2021	2020
Copa Holdings  (Consolidated)
ASM (mm) (1)	979.5	2,168.6	-54.8%
RPM (mm) (2)	621.4	1,826.8	-66.0%
Load Factor (3)	63.4%	84.2%	-20.8p.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 54.8% lower than January 2020, while passenger traffic (RPMs) decreased 66.0%, which resulted in a 63.4% load factor, 20.8 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.

CPA-G

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

View original content:http://www.prnewswire.com/news-releases/copa-holdings-announces-monthly-traffic-statistics-for-january-2021-301226294.html

SOURCE Copa Holdings, S.A.

FAQ

What were Copa Holdings' passenger traffic statistics for January 2021?

Copa Holdings reported a 66.0% decrease in Revenue Passenger Miles (RPMs) for January 2021.

How much did Copa Holdings' Available Seat Miles drop in January 2021?

Available Seat Miles (ASMs) dropped by 54.8% in January 2021 compared to January 2020.

What is the load factor reported by Copa Holdings for January 2021?

Copa Holdings reported a load factor of 63.4% for January 2021.

What challenges did Copa Holdings face in January 2021?

Copa Holdings faced significant challenges due to reduced passenger traffic and operational capacity as a result of the pandemic.