Copa Holdings Announces Monthly Traffic Statistics For July 2021

Rhea-AI Summary

Copa Holdings (NYSE: CPA) announced its preliminary passenger traffic statistics for July 2021, reporting a 36.4% decrease in available seat miles (ASM) compared to July 2019, totaling 1,441.5 million. Revenue passenger miles (RPM) dropped 42.1% to 1,135.7 million, resulting in a load factor of 78.8%, down 7.8 percentage points from 2019. The comparison to 2019 is due to operational disruptions from the Covid-19 pandemic starting March 2020. For further insights, visit www.copa.com.

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• Passenger traffic (RPM) decreased 42.1% compared to July 2019.
• Available seat miles (ASM) fell by 36.4% compared to July 2019.
• Load factor decreased to 78.8%, a drop of 7.8 percentage points from 2019.

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

Operating Data	July	July
	2021	2019	% Change
Copa Holdings  (Consolidated)
ASM (mm) (1)	1,441.5	2,265.7	-36.4%
RPM (mm) (2)	1,135.7	1,962.6	-42.1%
Load Factor (3)	78.8%	86.6%	-7.8p.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

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 36.4% lower than July 2019, while passenger traffic (RPMs) decreased 42.1%, which resulted in a 78.8% 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-july-2021-301352723.html

SOURCE Copa Holdings, S.A.

FAQ

What are Copa Holdings' traffic statistics for July 2021?

Copa Holdings reported a 36.4% decrease in available seat miles and a 42.1% drop in revenue passenger miles compared to July 2019.

What was Copa Holdings' load factor in July 2021?

Copa Holdings had a load factor of 78.8% in July 2021, which is a decrease of 7.8 percentage points compared to July 2019.

How does Copa Holdings' July 2021 performance compare to pre-pandemic levels?

Copa's passenger traffic and capacity metrics for July 2021 show significant declines compared to July 2019 due to the impact of the Covid-19 pandemic.