Copa Holdings Announces Monthly Traffic Statistics for November 2021

Rhea-AI Summary

Copa Holdings released preliminary passenger traffic statistics for November 2021, showing a 16.3% decline in capacity (ASM) compared to November 2019 at 1,664.7 million. Passenger traffic (RPM) also dropped by 17.3%, totaling 1,407.2 million, which resulted in a load factor of 84.5%, down 1.0 percentage point from 85.5% in 2019.

Copa Holdings continues to navigate challenges stemming from the Covid-19 pandemic, comparing future statistics to 2019 data.

Positive

• Copa Holdings is a leading provider of passenger and cargo services in Latin America.

Negative

• Capacity (ASM) decreased by 16.3% compared to November 2019.
• Passenger traffic (RPM) fell by 17.3% compared to November 2019.
• Load factor declined by 1.0 percentage point from November 2019.

PANAMA CITY, Panama, Dec. 9, 2021 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA), today released preliminary passenger traffic statistics for November 2021:

Operating Data	November	November	% Change
	2021	2019
Copa Holdings  (Consolidated)
ASM (mm) (1)	1,664.7	1,989.3	-16.3%
RPM (mm) (2)	1,407.2	1,701.8	-17.3%
Load Factor (3)	84.5%	85.5%	-1.0p.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 16.3% lower than November 2019, while passenger traffic (RPMs) decreased 17.3%, which resulted in a 84.5% 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.copa.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-november-2021-301441862.html

SOURCE Copa Holdings, S.A.

FAQ

What were Copa Holdings' passenger traffic statistics for November 2021?

Copa Holdings reported a 16.3% decline in capacity (ASM) and a 17.3% drop in passenger traffic (RPM) compared to November 2019.

How is Copa Holdings' load factor performing in November 2021?

The load factor for Copa Holdings in November 2021 was 84.5%, down 1.0 percentage point from 85.5% in November 2019.

What is Copa Holdings' comparison to pre-pandemic levels?

Copa Holdings' November 2021 statistics are compared to November 2019 due to the impact of the Covid-19 pandemic.

What significant metrics were released in the November 2021 report for CPA?

The November 2021 report showed ASM at 1,664.7 million, RPM at 1,407.2 million, and a load factor of 84.5%.