Copa Holdings Announces Monthly Traffic Statistics for December 2024
Copa Holdings (NYSE: CPA) has released its December 2024 traffic statistics, showing positive growth in key metrics.
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Rhea-AI Summary
Copa Holdings (NYSE: CPA) has released its December 2024 traffic statistics, showing positive growth in key metrics. The airline's capacity, measured in Available Seat Miles (ASM), increased by 6.5% to 2,665.5 million compared to December 2023. Revenue Passenger Miles (RPM) grew by 6.8% to 2,273.1 million. The system load factor improved to 85.3%, marking a 0.2 percentage point increase from the previous year.
Copa Holdings continues to strengthen its position as a leading Latin American provider of passenger and cargo services, operating flights to various destinations across North, Central, and South America and the Caribbean.
Positive
- 6.5% increase in Available Seat Miles (ASM) capacity
- 6.8% growth in Revenue Passenger Miles (RPM)
- Load factor improved to 85.3%, up 0.2 percentage points year-over-year
Negative
- None.
Details
News Market Reaction – CPA
The recorded move for CPA in the trading session of this news was +4.01%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
PANAMA CITY, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Copa Holdings, S.A. (NYSE: CPA) today released preliminary passenger traffic statistics for December 2024:
| Operating Data | December 2024 | December 2023 | % Change | |||
| Copa Holdings (Consolidated) | ||||||
| ASM (mm) (1) | 2,665.5 | 2,501.7 | 6.5 | % | ||
| RPM (mm) (2) | 2,273.1 | 2,128.6 | 6.8 | % | ||
| Load Factor (3) | 85.3 | % | 85.1 | % | 0.2 | p.p. |
- Available seat miles - represents the aircraft seating capacity multiplied by the number of miles the seats are flown.
- Revenue passenger miles - represents the number of miles flown by revenue passengers
- Load factor - represents the percentage of aircraft seating capacity that is actually utilized
For December 2024, Copa Holdings' capacity (ASMs) increased by
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
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