COPA HOLDINGS ANNOUNCES MONTHLY TRAFFIC STATISTICS FOR MARCH 2023

Rhea-AI Summary

Copa Holdings reported its preliminary passenger traffic statistics for March 2023, comparing them to pre-pandemic levels from March 2019. The consolidated capacity, measured in Available Seat Miles (ASMs), increased by 4.6% year-over-year, while Revenue Passenger Miles (RPMs) soared by 9.5%. This growth resulted in a load factor of 87.2%, up 3.9 percentage points from March 2019. The report emphasizes the company's recovery and growth trajectory following the disruptions caused by the Covid-19 pandemic, highlighting its role as a key player in the Latin American aviation market.

Positive

• Consolidated capacity (ASMs) increased by 4.6% compared to March 2019.
• Revenue passenger miles (RPMs) rose by 9.5% compared to March 2019.
• Load factor improved to 87.2%, up by 3.9 percentage points from March 2019.

Negative

• None.

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

	Operating Data	March	March	% Change
		2023	2019
	Copa Holdings  (Consolidated)
	ASM (mm) (1)	2,224.6	2,126.6	4.6 %
	RPM (mm) (2)	1,939.7	1,771.7	9.5 %
	Load Factor (3)	87.2 %	83.3 %	3.9p.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 4.6% higher than in March 2019, while passenger traffic (RPMs) increased by 9.5%. As a result, the load factor for the month was 87.2%, 3.9 percentage points higher than in March 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-march-2023-301797015.html

SOURCE Copa Holdings, S.A.

FAQ

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

In March 2023, Copa Holdings reported a 4.6% increase in ASMs and a 9.5% increase in RPMs compared to March 2019.

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

The load factor for March 2023 was 87.2%, an increase of 3.9 percentage points from March 2019.

What is the significance of comparing March 2023 statistics to March 2019?

The comparison to March 2019 reflects Copa Holdings' recovery and growth post-Covid-19 disruption.

What does CPA represent in the stock market?

CPA is the stock symbol for Copa Holdings, listed on the NYSE.