Copa Holdings Announces Monthly Traffic Statistics for December 2024

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.

Insights

Aviation Industry Analyst

Copa Holdings' December traffic statistics reveal healthy growth patterns in a competitive aviation landscape. The 6.8% increase in revenue passenger miles (RPMs) outpacing the 6.5% growth in available seat miles (ASMs) demonstrates effective capacity management and strong demand in Latin American air travel markets.

The load factor improvement to 85.3% is particularly noteworthy in the seasonally busy December period. This high utilization rate, combined with expanded capacity, suggests Copa is successfully capitalizing on post-pandemic recovery in regional air travel while maintaining operational efficiency. The ability to grow capacity while slightly improving load factors indicates disciplined route network management and pricing strategies.

For investors, these metrics signal robust revenue potential, as higher load factors typically correlate with better yield management and profitability. The balanced growth in both capacity and traffic suggests Copa is executing a sustainable expansion strategy without sacrificing operational efficiency. These numbers align with broader industry recovery trends in Latin America and reflect Copa's strong competitive position in connecting North and South American markets.

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.

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 actually utilized
   

For December 2024, Copa Holdings' capacity (ASMs) increased by 6.5%, while system-wide passenger traffic (RPMs) increased by 6.8%, compared to 2024. As a result, the system load factor for the month was 85.3%, 0.2 percentage points higher than in December 2023.

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

FAQ

What was Copa Holdings' (CPA) load factor in December 2024?

Copa Holdings reported a load factor of 85.3% in December 2024, which was 0.2 percentage points higher than December 2023.

How much did Copa Holdings' (CPA) capacity increase in December 2024?

Copa Holdings' capacity, measured in Available Seat Miles (ASM), increased by 6.5% to 2,665.5 million in December 2024 compared to the previous year.

What was Copa Holdings' (CPA) RPM growth in December 2024?

Copa Holdings' Revenue Passenger Miles (RPM) grew by 6.8% to 2,273.1 million in December 2024 compared to December 2023.

How did Copa Holdings' (CPA) December 2024 traffic performance compare to 2023?

Copa Holdings showed improved performance in December 2024 compared to 2023, with increases in ASM (6.5%), RPM (6.8%), and load factor (up 0.2 percentage points).