COPA HOLDINGS ANNOUNCES MONTHLY TRAFFIC STATISTICS FOR MARCH 2022

Rhea-AI Summary

Copa Holdings, S.A. (NYSE: CPA) reported preliminary passenger traffic statistics for March 2022. Consolidated capacity (ASM) was down 8.4% compared to March 2019, while passenger traffic (RPM) decreased by 6.8%. The load factor improved to 84.8%, up from 83.3% in March 2019. This data reflects the ongoing impact of the Covid-19 pandemic on operations, with comparisons to 2019 statistics to track recovery. Copa provides extensive passenger and cargo services throughout the Americas and the Caribbean.

Positive

• Load factor increased to 84.8%, above pre-pandemic levels of 83.3%.

Negative

• Consolidated capacity decreased by 8.4% compared to March 2019.
• Passenger traffic declined by 6.8% compared to March 2019.

PANAMA CITY, Panama, April 13, 2022 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA), today released preliminary passenger traffic statistics for March 2022:

Operating Data	March	March	% Change
	2022	2019
Copa Holdings  (Consolidated)
ASM (mm) (1)	1,947.3	2,126.6	-8.4%
RPM (mm) (2)	1,650.5	1,771.7	-6.8%
Load Factor (3)	84.8%	83.3%	1.4p.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 will compare this and future traffic reports to 2019 statistics. 

Consolidated capacity (ASMs) came in 8.4% lower than March 2019, while passenger traffic (RPMs) decreased 6.8%, which resulted in an 84.8% 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.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-march-2022-301525356.html

SOURCE Copa Holdings, S.A.

FAQ

What were Copa Holdings' traffic statistics for March 2022?

Copa Holdings reported an 8.4% decrease in consolidated capacity and a 6.8% decrease in passenger traffic compared to March 2019.

How did Copa Holdings' load factor perform in March 2022?

The load factor for Copa Holdings improved to 84.8% in March 2022, compared to 83.3% in March 2019.

What is the significance of comparing March 2022 statistics to 2019?

The comparison to 2019 is intended to assess recovery from the disruptions caused by the Covid-19 pandemic.