Copa Holdings Announces Monthly Traffic Statistics for November 2024

Rhea-AI Summary

Copa Holdings (NYSE: CPA) has released its November 2024 traffic statistics, showing mixed performance metrics. The airline's capacity, measured in Available Seat Miles (ASM), increased by 8.4% to 2,524.1 million compared to November 2023. Revenue Passenger Miles (RPM) grew by 6.8% to 2,173.5 million. However, the system load factor decreased by 1.3 percentage points to 86.1% compared to 87.4% in the previous year. Copa Holdings continues to serve as a leading Latin American provider of passenger and cargo services across North, Central, and South America and the Caribbean.

Positive

• 8.4% increase in Available Seat Miles (ASM) capacity
• 6.8% growth in Revenue Passenger Miles (RPM)

Negative

• Load factor declined by 1.3 percentage points to 86.1%

News Market Reaction

-3.62%

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-3.62% News Effect

On the day this news was published, CPA declined 3.62%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

PANAMA CITY, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Copa Holdings, S.A. (NYSE: CPA) today released preliminary passenger traffic statistics for November 2024:

Operating Data	November 2024		November 2023		% Change
Copa Holdings (Consolidated)
ASM (mm) (1)	2,524.1		2,327.4		8.4	%
RPM (mm) (2)	2,173.5		2,034.5		6.8	%
Load Factor (3)	86.1	%	87.4	%	-1.3p.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 number of miles flown by revenue passengers
3. Load factor - represents the percentage of aircraft seating capacity that is actually utilized
   

For November 2024, Copa Holdings' capacity (ASMs) increased by 8.4%, while system-wide passenger traffic (RPMs) increased by 6.8%, compared to 2023. As a result, the system load factor for the month was 86.1%, 1.3 percentage points lower than in November 2023.

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

FAQ

What was Copa Holdings' (CPA) load factor in November 2024?

Copa Holdings reported a load factor of 86.1% in November 2024, which was 1.3 percentage points lower than November 2023.

How much did Copa Holdings' (CPA) capacity increase in November 2024?

Copa Holdings' capacity, measured in Available Seat Miles (ASM), increased by 8.4% to 2,524.1 million compared to November 2023.

What was the growth in Copa Holdings' (CPA) passenger traffic for November 2024?

Copa Holdings' passenger traffic, measured in Revenue Passenger Miles (RPM), increased by 6.8% to 2,173.5 million compared to November 2023.

How did Copa Holdings' (CPA) November 2024 performance compare to November 2023?

Copa Holdings showed mixed performance with increased capacity (8.4%) and passenger traffic (6.8%), but experienced a decrease in load factor by 1.3 percentage points compared to November 2023.