COPA HOLDINGS ANNOUNCES MONTHLY TRAFFIC STATISTICS FOR SEPTEMBER 2023

Rhea-AI Summary

Copa Holdings announces monthly traffic statistics for September 2023

Positive

• Copa Holdings' capacity increased by 13.6% in September 2023 compared to 2022
• System-wide passenger traffic increased by 14.1% in September 2023 compared to 2022
• The system load factor for the month was 87.3%, 0.4 percentage points higher than September 2022

Negative

• None.

PANAMA CITY, Oct. 10, 2023 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA) today released preliminary passenger traffic statistics for September 2023:

Operating Data	September	September	% Change
	2023	2022
Copa Holdings  (Consolidated)
ASM (mm) (1)	2,289.9	2,015.9	13.6 %
RPM (mm) (2)	1,998.5	1,751.2	14.1 %
Load Factor (3)	87.3 %	86.9 %	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

For the month of September 2023, Copa Holdings' capacity (ASMs) increased by 13.6%, while system-wide passenger traffic (RPMs) increased by 14.1%, compared to 2022.  As a result, the system load factor for the month was 87.3%, 0.4 percentage points higher than September 2022.

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

View original content:https://www.prnewswire.com/news-releases/copa-holdings-announces-monthly-traffic-statistics-for-september-2023-301952890.html

SOURCE Copa Holdings, S.A.

FAQ

What are Copa Holdings' preliminary passenger traffic statistics for September 2023?

Copa Holdings' capacity increased by 13.6% and system-wide passenger traffic increased by 14.1% compared to September 2022.

What is the system load factor for September 2023?

The system load factor for September 2023 was 87.3%, which is 0.4 percentage points higher than September 2022.

What does ASM stand for?

ASM stands for Available Seat Miles, which represents the aircraft seating capacity multiplied by the number of miles the seats are flown.

What does RPM stand for?

RPM stands for Revenue Passenger Miles, which represents the number of miles flown by revenue passengers.

What is Copa Holdings' business focus?

Copa Holdings is a leading Latin American provider of passenger and cargo services, operating in North, Central, and South America and the Caribbean.