COPA HOLDINGS ANNOUNCES MONTHLY TRAFFIC STATISTICS FOR JULY 2022

Rhea-AI Summary

Copa Holdings, S.A. (NYSE: CPA) announced its preliminary passenger traffic statistics for July 2022. The company reported a 3.1% decrease in consolidated capacity (ASMs) compared to July 2019, with a 2.7% decline in passenger traffic (RPMs). Despite this, Copa achieved an 87.0% load factor, up from 86.6% in July 2019, indicating efficient use of seating capacity. This report reflects the ongoing recovery from the impacts of the Covid-19 pandemic.

Positive

• Achieved an 87.0% load factor, indicating efficient seat utilization, up from 86.6% in July 2019.

Negative

• Consolidated capacity (ASMs) decreased by 3.1% compared to July 2019.
• Passenger traffic (RPMs) fell by 2.7% compared to July 2019.

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

Operating Data	July	July	% Change
	2022	2019
Copa Holdings  (Consolidated)
ASM (mm) (1)	2,194.4	2,265.7	-3.1 %
RPM (mm) (2)	1,909.0	1,962.6	-2.7 %
Load Factor (3)	87.0 %	86.6 %	0.4p.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

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 3.1% lower than July 2019, while passenger traffic (RPMs) decreased 2.7%, which resulted in an 87.0% 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.copaair.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-2022-301604612.html

SOURCE Copa Holdings, S.A.

FAQ

What were Copa Holdings' traffic statistics for July 2022?

Copa Holdings reported a 3.1% decrease in capacity (ASMs) and a 2.7% decline in passenger traffic (RPMs) for July 2022 compared to July 2019.

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

The load factor for Copa Holdings in July 2022 was 87.0%, an increase from 86.6% in July 2019.

How does Copa Holdings' July 2022 performance compare to July 2019?

Compared to July 2019, Copa Holdings experienced a decrease in capacity and passenger traffic, with ASMs down 3.1% and RPMs down 2.7%.