COPA HOLDINGS ANNOUNCES MONTHLY TRAFFIC STATISTICS FOR NOVEMBER 2022

Rhea-AI Summary

Copa Holdings, S.A. (NYSE: CPA) released its preliminary passenger traffic statistics for November 2022. The company's consolidated capacity (ASM) increased by 4.6% compared to November 2019, while passenger traffic (RPM) rose by 6.4%. The load factor for the month reached 87.0%, marking a 1.5 percentage point increase from 2019. These results reflect a recovery trend post-COVID-19 disruptions, as the company compares its performance with pre-pandemic figures.

Positive

• Consolidated capacity (ASMs) increased by 4.6% compared to November 2019.
• Passenger traffic (RPMs) rose by 6.4% compared to November 2019.
• Load factor of 87.0% is 1.5 percentage points higher than November 2019.

Negative

• None.

PANAMA CITY, Dec. 14, 2022 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA) today released preliminary passenger traffic statistics for November 2022:

Operating Data	November	November	% Change
	2022	2019
Copa Holdings  (Consolidated)
ASM (mm) (1)	2,080.0	1,989.3	4.6 %
RPM (mm) (2)	1,810.5	1,701.8	6.4 %
Load Factor (3)	87.0 %	85.5 %	1.5p.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 are comparing this traffic report to 2019 statistics. 

Consolidated capacity (ASMs) came in 4.6% higher than in November 2019, while passenger traffic (RPMs) increased by 6.4%. As a result, the load factor for the month was 87.0%, 1.5 percentage points higher than in November 2019.

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-november-2022-301703595.html

SOURCE Copa Holdings, S.A.

FAQ

What were Copa Holdings' traffic statistics for November 2022?

Copa Holdings reported a consolidated capacity increase of 4.6%, with passenger traffic rising by 6.4% and a load factor of 87.0%.

How did Copa Holdings' November 2022 performance compare to November 2019?

In November 2022, Copa saw a 4.6% increase in capacity and a 6.4% increase in passenger traffic compared to November 2019.

What is the significance of Copa Holdings' load factor for November 2022?

The load factor of 87.0% indicates effective capacity utilization, showing a 1.5 percentage point improvement over November 2019.

What are the key metrics reported by CPA for November 2022?

Key metrics include a 4.6% increase in ASMs, a 6.4% rise in RPMs, and a load factor of 87.0%.