COPA HOLDINGS ANNOUNCES MONTHLY TRAFFIC STATISTICS FOR APRIL 2022

Rhea-AI Summary

Copa Holdings, S.A. (NYSE: CPA) reported preliminary passenger traffic statistics for April 2022. Consolidated available seat miles (ASMs) were down 4.8% versus April 2019, while revenue passenger miles (RPMs) fell by 3.9%. The company achieved a load factor of 84.9%, slightly up from 84.1% in April 2019. These figures reflect ongoing impacts from the Covid-19 pandemic and illustrate the company's current operational status. Copa Holdings continues to serve North, Central, and South America, as well as the Caribbean.

Positive

• Load factor increased to 84.9%, up from 84.1% in April 2019.

Negative

• Consolidated capacity (ASMs) decreased by 4.8% compared to April 2019.
• Revenue passenger miles (RPMs) fell by 3.9% compared to April 2019.

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PANAMA CITY, May 10, 2022 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA), today released preliminary passenger traffic statistics for April 2022:

Operating Data	April  2022	April  2019	% Change
Copa Holdings  (Consolidated)
ASM (mm) (1)	1,920.1	2,016.8	-4.8%
RPM (mm) (2)	1,629.6	1,696.5	-3.9%
Load Factor (3)	84.9%	84.1%	0.8p.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 4.8% lower than April 2019, while passenger traffic (RPMs) decreased 3.9%, which resulted in an 84.9% 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.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-april-2022-301544490.html

SOURCE Copa Holdings, S.A.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Copa Holdings' passenger traffic statistics for April 2022?

Copa Holdings reported a load factor of 84.9%, a 4.8% decrease in ASMs, and a 3.9% decrease in RPMs compared to April 2019.

How does the April 2022 traffic compare to April 2019 for Copa Holdings?

In April 2022, Copa Holdings saw a 4.8% decrease in capacity and a 3.9% decrease in passenger traffic compared to April 2019.

What does the load factor indicate for Copa Holdings in April 2022?

The load factor of 84.9% indicates that a higher percentage of available seating capacity was utilized compared to April 2019.

What is the significance of Copa Holdings comparing traffic reports to 2019?

Copa Holdings compares to 2019 to provide a baseline for evaluating traffic performance, considering the disruptions caused by the Covid-19 pandemic.