Copa Holdings Announces Monthly Traffic Statistics For November 2020

Rhea-AI Summary

Copa Holdings, S.A. (NYSE: CPA) reported significant declines in passenger traffic for November 2020, with consolidated capacity (ASM) falling by 72.3% year over year and passenger traffic (RPM) decreasing 74.6%. This resulted in a load factor of 78.3%, which is 7.3 percentage points lower than November 2019. The figures highlight the ongoing challenges faced by the airline industry due to the pandemic. Copa Holdings serves 80 destinations across 33 countries in the Americas and the Caribbean.

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• Consolidated capacity (ASM) decreased by 72.3% YoY.
• Passenger traffic (RPM) dropped by 74.6% YoY.
• Load factor declined by 7.3 percentage points compared to November 2019.

PANAMA CITY, Dec. 15, 2020 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA), today released preliminary passenger traffic statistics for November 2020:

Operating Data	November	November	% Change
	2020	2019	(YOY)
Copa Holdings  (Consolidated)
ASM (mm) (1)	551.1	1,987.0	-72.3%
RPM (mm) (2)	431.5	1,700.3	-74.6%
Load Factor (3)	78.3%	85.6%	-7.3p.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

Consolidated capacity (ASMs) came in 72.3% lower year over year in November, while passenger traffic (RPMs) decreased 74.6% year over year, which resulted in a 78.3% load factor, 7.3 percentage points lower than November 2019. 

Copa Holdings is a leading Latin American provider of passenger and cargo services.  The Company, through its operating subsidiaries, provides service to 80 destinations in 33 countries in North, Central and South America and the Caribbean.  For more information visit www.copa.com.

CPA-G

CONTACT: 
Raúl Pascual – Panamá
Director – Investor Relations
011 (507) 304-2774

View original content:http://www.prnewswire.com/news-releases/copa-holdings-announces-monthly-traffic-statistics-for-november-2020-301193618.html

SOURCE Copa Holdings, S.A.

FAQ

What were Copa Holdings' passenger traffic statistics for November 2020?

Copa Holdings reported a 74.6% year-over-year decrease in passenger traffic for November 2020.

How did Copa Holdings' capacity change in November 2020?

Copa Holdings' consolidated capacity (ASM) fell by 72.3% compared to November 2019.

What was Copa Holdings' load factor in November 2020?

The load factor for Copa Holdings in November 2020 was 78.3%, down 7.3 percentage points from the previous year.

What are the operational challenges facing Copa Holdings?

Copa Holdings is facing significant challenges due to reduced capacity and a steep drop in passenger traffic amid the pandemic.

What destinations does Copa Holdings serve?

Copa Holdings operates flights to 80 destinations across 33 countries in the Americas and the Caribbean.