COPA HOLDINGS ANNOUNCES MONTHLY TRAFFIC STATISTICS FOR JULY 2024

Rhea-AI Summary

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

Insights

Financial Analyst

Copa Holdings' July 2024 traffic statistics reveal mixed results. While capacity (ASMs) increased by 11.3% year-over-year, passenger traffic (RPMs) grew at a slower rate of 9.5%. This mismatch led to a 1.4 percentage point decrease in load factor to 87.6%.

The expansion in capacity suggests confidence in market demand, but the lagging passenger traffic growth raises concerns about yield management. The slight dip in load factor, while not alarming, warrants attention as it could impact profitability if the trend continues. Investors should monitor whether this is a seasonal fluctuation or indicative of broader market dynamics affecting Latin American carriers.

Market Research Analyst

The 11.3% increase in Copa's capacity reflects an optimistic outlook on travel demand in Latin America. However, the 9.5% growth in passenger traffic, while robust, suggests a potential oversupply in certain markets. The 87.6% load factor, despite the slight decrease, remains healthy by industry standards.

This data indicates Copa is positioning itself for market share growth, possibly in anticipation of a strong recovery in business and leisure travel. Investors should consider how geopolitical factors and economic conditions in key Latin American markets might influence future demand and Copa's ability to maintain profitable load factors.

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.

<sup>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</sup>

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.