COPA HOLDINGS ANNOUNCES MONTHLY TRAFFIC STATISTICS FOR JUNE 2022

Rhea-AI Summary

Copa Holdings, S.A. (NYSE: CPA) released its preliminary passenger traffic statistics for June 2022. Consolidated capacity (ASMs) was 1.8% lower than June 2019, while passenger traffic (RPMs) saw a decrease of 3.4%, resulting in a load factor of 83.7%. The report highlights the ongoing effects of the Covid-19 pandemic, with comparisons drawn to pre-pandemic figures from 2019. Copa Holdings continues to serve various regions across North, Central, South America, and the Caribbean.

Positive

• Despite a decrease in passenger traffic, the load factor remained relatively high at 83.7%, indicating efficient capacity utilization.

Negative

• Consolidated capacity (ASMs) decreased by 1.8% compared to June 2019.
• Passenger traffic (RPMs) decreased by 3.4% compared to June 2019.

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PANAMA CITY, July 12, 2022 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA), today released preliminary passenger traffic statistics for June 2022:

Operating Data	June	June	% Change
	2022	2019
Copa Holdings  (Consolidated)
ASM (mm) (1)	2,027.2	2,064.0	-1.8 %
RPM (mm) (2)	1,696.9	1,755.8	-3.4 %
Load Factor (3)	83.7 %	85.1 %	-1.4p.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 numbers of miles flown by revenue passengers
3.  Load factor - represents the percentage of aircraft seating capacity that is actually utilized

Given the irregular nature of the Company's operations starting in March 2020 due to the Covid-19 pandemic, we are comparing this traffic report to 2019 statistics. 

Consolidated capacity (ASMs) came in 1.8% lower than June 2019, while passenger traffic (RPMs) decreased 3.4%, which resulted in an 83.7% load factor.

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-june-2022-301585273.html

SOURCE Copa Holdings, S.A.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Copa Holdings' June 2022 passenger traffic statistics?

Copa Holdings reported a 1.8% decrease in capacity and a 3.4% decline in passenger traffic compared to June 2019.

What was the load factor for Copa Holdings in June 2022?

The load factor for Copa Holdings in June 2022 was 83.7%.

How does Copa Holdings' June 2022 performance compare to 2019?

Copa Holdings' June 2022 performance shows a decrease in both capacity and passenger traffic compared to June 2019.

What does ASMs and RPMs stand for in Copa Holdings' report?

ASMs stand for Available Seat Miles, while RPMs stand for Revenue Passenger Miles.

Why does Copa Holdings compare its June 2022 data to 2019?

Copa Holdings compares its June 2022 data to 2019 to evaluate the impact of the Covid-19 pandemic on its operations.