COPA HOLDINGS ANNOUNCES MONTHLY TRAFFIC STATISTICS FOR JULY 2024

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Copa Holdings (NYSE: CPA) has released its preliminary passenger traffic statistics for July 2024. The company reported an 11.3% increase in capacity (ASMs) and a 9.5% increase in system-wide passenger traffic (RPMs) compared to July 2023. However, the system load factor decreased by 1.4 percentage points to 87.6%.

Key figures for July 2024:

Available Seat Miles (ASM): 2,684.7 million
Revenue Passenger Miles (RPM): 2,350.8 million
Load Factor: 87.6%

Copa Holdings, a leading Latin American provider of passenger and cargo services, operates flights to various countries in North, Central, and South America and the Caribbean.

Positive

11.3% increase in capacity (ASMs) compared to July 2023
9.5% increase in system-wide passenger traffic (RPMs) compared to July 2023

Negative

System load factor decreased by 1.4 percentage points to 87.6% compared to July 2023

News Market Reaction

+1.17%

1 alert

+1.17% News Effect

On the day this news was published, CPA gained 1.17%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

08/12/2024 - 04:34 PM

PANAMA CITY, Aug. 12, 2024 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA) today released preliminary passenger traffic statistics for July 2024:

Operating Data	July 2024	July 2023	% Change
Copa Holdings (Consolidated)
ASM (mm) ⁽¹⁾	2,684.7	2,412.4	11.3 %
RPM (mm) ⁽²⁾	2,350.8	2,147.2	9.5 %
Load Factor ⁽³⁾	87.6 %	89.0 %	-1.4 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 July 2024, Copa Holdings' capacity (ASMs) increased by 11.3%, while system-wide passenger traffic (RPMs) increased by 9.5%, compared to 2023. As a result, the system load factor for the month was 87.6%, 1.4 percentage points lower than in July 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

View original content:https://www.prnewswire.com/news-releases/copa-holdings-announces-monthly-traffic-statistics-for-july-2024-302220314.html

SOURCE Copa Holdings, S.A.

FAQ

What was Copa Holdings' (CPA) capacity increase in July 2024?

Copa Holdings (CPA) reported an 11.3% increase in capacity (ASMs) in July 2024 compared to July 2023.

How did Copa Holdings' (CPA) passenger traffic change in July 2024?

Copa Holdings (CPA) experienced a 9.5% increase in system-wide passenger traffic (RPMs) in July 2024 compared to July 2023.

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

Copa Holdings (CPA) reported a system load factor of 87.6% for July 2024, which was 1.4 percentage points lower than in July 2023.

How many Available Seat Miles (ASM) did Copa Holdings (CPA) report for July 2024?

Copa Holdings (CPA) reported 2,684.7 million Available Seat Miles (ASM) for July 2024.

COPA HOLDINGS ANNOUNCES MONTHLY TRAFFIC STATISTICS FOR JULY 2024