COPA HOLDINGS ANNOUNCES MONTHLY TRAFFIC STATISTICS FOR SEPTEMBER 2022

Rhea-AI Summary

Copa Holdings (NYSE: CPA) reported September 2022 traffic statistics, revealing a 1.2% increase in consolidated capacity (ASMs) compared to September 2019. Passenger traffic (RPMs) rose by 3.5%, leading to a system load factor of 86.9%, which is 2.0 percentage points higher than the same month in 2019. This data reflects Copa's recovery trajectory post-COVID-19 pandemic disruptions, with the airline servicing North, Central, and South America, along with the Caribbean.

Positive

• September 2022 consolidated capacity (ASMs) increased by 1.2% compared to September 2019.
• Passenger traffic (RPMs) surged by 3.5% compared to September 2019.
• System load factor reached 86.9%, an improvement of 2.0 percentage points from September 2019.

Negative

• None.

PANAMA CITY, Panama, Oct. 11, 2022 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA), today released preliminary passenger traffic statistics for September 2022:

Operating Data	September	September	% Change
	2022	2019
Copa Holdings  (Consolidated)
ASM (mm) (1)	2,015.9	1,992.1	1.2 %
RPM (mm) (2)	1,751.2	1,691.5	3.5 %
Load Factor (3)	86.9 %	84.9 %	2.0p.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 are comparing this traffic report to 2019 statistics. 

Consolidated capacity (ASMs) came in 1.2% higher than September 2019, while passenger traffic (RPMs) increased 3.5%. As a result, system load factor for the month was 86.9%, 2.0 percentage points higher than September 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.

PRESS RELEASE CONTACT:  Daniel Tapia – Panamá 
Director – Investor Relations 
011 (507) 304-2774

CPA-G

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SOURCE Copa Holdings, S.A.