Copa Holdings Announces Monthly Traffic Statistics For April 2021

Copa Holdings (NYSE: CPA) reported preliminary passenger traffic statistics for April 2021.

Rhea-AI Summary

Copa Holdings (NYSE: CPA) reported preliminary passenger traffic statistics for April 2021. The company's Available Seat Miles (ASMs) fell by 61.9% compared to April 2019, totaling 768.0 million. Revenue Passenger Miles (RPMs) decreased by 67.0%, reaching 559.4 million, resulting in a load factor of 72.8%, down 11.3 percentage points from 2019. These declines reflect ongoing impacts from the Covid-19 pandemic on operations.

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• None.

Negative

• Available Seat Miles (ASMs) decreased by 61.9% compared to April 2019.
• Revenue Passenger Miles (RPMs) fell by 67.0% compared to April 2019.
• Load factor dropped by 11.3 percentage points compared to April 2019.

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PANAMA CITY, May 17, 2021 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA), today released preliminary passenger traffic statistics for April 2021:

Operating Data	April	April	% Change
	2021	2019
Copa Holdings  (Consolidated)
ASM (mm) (1)	768.0	2,016.8	-61.9%
RPM (mm) (2)	559.4	1,696.5	-67.0%
Load Factor (3)	72.8%	84.1%	-11.3p.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 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 61.9% lower than April 2019, while passenger traffic (RPMs) decreased 67.0%, which resulted in a 72.8% load factor.

Copa Holdings is a leading Latin American provider of passenger and cargo services.  The Company, through its operating subsidiaries, provides service to 80 destinations in 33 countries in North, Central and South America and the Caribbean.  For more information visit www.copa.com.

CPA-G

CONTACT:	Raúl Pascual – Panamá
	Director – Investor Relations
	011 (507) 304-2774

 

View original content:http://www.prnewswire.com/news-releases/copa-holdings-announces-monthly-traffic-statistics-for-april-2021-301292894.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 2021?

Copa Holdings reported a 61.9% decrease in Available Seat Miles and a 67.0% decrease in Revenue Passenger Miles compared to April 2019.

How did the Covid-19 pandemic affect CPA's operations?

Copa Holdings experienced significant declines in ASMs and RPMs, reflecting the negative impact of the Covid-19 pandemic on its operations.

What is the load factor for Copa Holdings in April 2021?

The load factor for Copa Holdings in April 2021 was 72.8%, which is down 11.3 percentage points compared to April 2019.

Why is Copa Holdings comparing April 2021 statistics to April 2019?

The comparison to April 2019 is made due to the irregular nature of operations starting in March 2020 because of the Covid-19 pandemic.

What is the significance of the decline in Copa Holdings' ASMs and RPMs?

The decline in ASMs and RPMs indicates reduced capacity and passenger traffic, reflecting ongoing challenges in the airline industry due to the pandemic.