Copa Holdings Announces Monthly Traffic Statistics for August 2026

Copa’s August 2026 preliminary traffic shows 16.8% growth in both capacity and passenger demand with load factor flat at 88.3%.

Rhea-AI Summary

Copa Holdings (CPA) reported preliminary August 2026 traffic figures showing double‑digit capacity and traffic growth versus August 2025.

Available seat miles (ASMs) rose 16.8% to 3,219.1 million, while revenue passenger miles (RPMs) also increased 16.8% to 2,840.9 million, both compared to August 2025 levels of 2,755.1 million ASMs and 2,432.2 million RPMs. The system load factor remained unchanged at 88.3% year over year.

The company describes these data as preliminary and continues to position itself as a leading Latin American provider of passenger and cargo services across the Americas and the Caribbean.

Positive

• ASMs +16.8% in August 2026 vs August 2025, to 3,219.1 million
• RPMs +16.8% in August 2026 vs August 2025, to 2,840.9 million
• High 88.3% load factor sustained year over year

Negative

• None.

Market Context

The July 2026 traffic release was followed by a 2.82% 24-hour gain; that comparable report also show...

Analysis

The July 2026 traffic release was followed by a 2.82% 24-hour gain; that comparable report also showed capacity and passenger-traffic growth, while August reported matching growth rates with a flat load factor.

Key Figures

Available Seat Miles: 3,219.1 mm; +16.8% YoY Revenue Passenger Miles: 2,840.9 mm; +16.8% YoY Load Factor: 88.3%; flat YoY

Available Seat Miles

3,219.1 mm; +16.8% YoY

August 2026 vs. August 2025

Revenue Passenger Miles

2,840.9 mm; +16.8% YoY

August 2026 vs. August 2025

Load Factor

88.3%; flat YoY

August 2026 vs. August 2025

Historical Context

3 past events · Latest: Aug 04

3 events

1. Aug 04

   July traffic statistics

   24h Move

   +2.8%

   Capacity and passenger traffic rose year over year; load factor improved.

2. Jul 14

   June traffic statistics

   24h Move

   +0.1%

   Capacity rose faster than traffic, and load factor declined year over year.

3. Jun 11

   May traffic statistics

   24h Move

   +1.9%

   Capacity and passenger traffic increased, with load factor improving year over year.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

available seat miles, revenue passenger miles, load factor

3 terms

available seat miles technical

"Available seat miles - represents the aircraft seating capacity multiplied by the number"

Available seat miles measure the total capacity of an airline to carry passengers, calculated by multiplying the number of seats available on all flights by the distance those flights cover. It indicates how much space an airline has to generate revenue from passenger travel. For investors, higher available seat miles generally suggest a larger operation and potential for increased earnings.

revenue passenger miles technical

"Revenue passenger miles - represents the number of miles flown by revenue passengers"

Revenue passenger miles measure the total distance traveled by paying passengers on a transportation service, calculated by multiplying the number of paying passengers by the miles they travel. It shows how much revenue-generating activity a transportation company is doing, helping investors assess how well the company is attracting and serving passengers. Higher revenue passenger miles typically indicate stronger demand and better financial performance.

load factor technical

"Load factor - represents the percentage of aircraft seating capacity that is utilized"

Load factor is a measure of how efficiently a transportation service, such as a plane, train, or bus, fills its available seats or space over a period of time. It is calculated by dividing the actual number of passengers or usage by the total available capacity. A higher load factor indicates better utilization, which can lead to more profitable operations and is important for investors assessing the efficiency and profitability of transportation companies.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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PANAMA CITY, Sept. 10, 2026 (GLOBE NEWSWIRE) -- Copa Holdings, S.A. (NYSE: CPA) today released preliminary passenger traffic statistics for August 2026:

Copa Holdings (Consolidated)	August 2026		August 2025		% Change
ASM (mm)(1)	3,219.1		2,755.1		16.8%
RPM (mm)(2)	2,840.9		2,432.2		16.8%
Load Factor(3)	88.3%		88.3%		—p.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 number of miles flown by revenue passengers
3. Load factor - represents the percentage of aircraft seating capacity that is utilized
   
   

For August 2026, Copa Holdings' capacity (ASMs) increased by 16.8%, while system-wide passenger traffic (RPMs) increased by 16.8% compared to 2025. As a result, the system load factor remained flat compared to August 2025 at 88.3%.

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 ir.copaair.com.

CPA-G

Investor Relations
investor.relations@copaair.com

FAQ

What does Copa Holdings mean by available seat miles (ASMs) and revenue passenger miles (RPMs)?

Available seat miles (ASMs) represent aircraft seating capacity multiplied by the number of miles the seats are flown. Revenue passenger miles (RPMs) represent the number of miles flown by revenue passengers.

How is Copa Holdings’ load factor defined in these statistics?

Load factor represents the percentage of aircraft seating capacity that is utilized. For August 2026 it was 88.3%, flat versus August 2025.