COPA HOLDINGS ANNOUNCES MONTHLY TRAFFIC STATISTICS FOR MAY 2022

Rhea-AI Summary

Copa Holdings, S.A. (NYSE: CPA) reported preliminary passenger traffic statistics for May 2022, showing a 3.7% decrease in consolidated capacity (ASMs) compared to May 2019, alongside a 4.2% decline in passenger traffic (RPMs). The company achieved a load factor of 85.7%, slightly below the 86.1% recorded in May 2019. These results reflect ongoing recovery challenges following the irregular operations since March 2020 due to the Covid-19 pandemic.

Positive

• Load factor of 85.7% indicates strong capacity utilization despite lower traffic.
• Continued operations in North, Central, South America, and the Caribbean show resilience.

Negative

• 3.7% decrease in consolidated capacity (ASMs) compared to May 2019.
• 4.2% decrease in passenger traffic (RPMs) compared to May 2019.

PANAMA CITY, June 9, 2022 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA), today released preliminary passenger traffic statistics for May 2022:

Operating Data	May	May	% Change
	2022	2019
Copa Holdings  (Consolidated)
ASM (mm) (1)	2,007.5	2,085.2	-3.7%
RPM (mm) (2)	1,720.4	1,796.3	-4.2%
Load Factor (3)	85.7%	86.1%	-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 will compare this traffic report to 2019 statistics. 

Consolidated capacity (ASMs) came in 3.7% lower than May 2019, while passenger traffic (RPMs) decreased 4.2%, which resulted in an 85.7% 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

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-may-2022-301565527.html

SOURCE Copa Holdings, S.A.

FAQ

What were Copa Holdings' traffic statistics for May 2022?

Copa Holdings reported a 3.7% decrease in ASMs and a 4.2% drop in RPMs compared to May 2019.

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

The load factor for Copa Holdings in May 2022 was 85.7%, slightly below 86.1% in May 2019.

Why are Copa Holdings' May 2022 statistics compared to 2019?

The comparison is made to 2019 to provide context due to the irregular operations since March 2020 because of the Covid-19 pandemic.

What challenges is Copa Holdings facing post-Covid-19?

Copa Holdings is facing recovery challenges reflected in decreased capacity and passenger traffic compared to pre-pandemic levels.