COPA HOLDINGS ANNOUNCES MONTHLY TRAFFIC STATISTICS FOR JUNE 2024

Rhea-AI Summary

Copa Holdings (NYSE: CPA) announced preliminary passenger traffic statistics for June 2024. The total available seat miles (ASM) rose by 12.3% to 2,521.9 million compared to June 2023. Revenue passenger miles (RPM) saw an increase of 12.1%, reaching 2,185.1 million. However, the load factor slightly decreased by 0.2 percentage points to 86.6%.

These metrics indicate a steady growth in both capacity and passenger traffic for Copa Holdings, despite a minor decline in the load factor. Copa Holdings continues to be a key player in the Latin American aviation sector, serving multiple regions including North, Central, South America, and the Caribbean.

Positive

• ASM (Available Seat Miles) increased by 12.3% to 2,521.9 million.
• RPM (Revenue Passenger Miles) increased by 12.1% to 2,185.1 million.

Negative

• Load factor decreased by 0.2 percentage points to 86.6%.

PANAMA CITY, July 10, 2024 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA) today released preliminary passenger traffic statistics for June 2024:

Operating Data	June 2024	June 2023	% Change
Copa Holdings (Consolidated)
ASM (mm) (1)	2,521.9	2,244.7	12.3 %
RPM (mm) (2)	2,185.1	1,949.0	12.1 %
Load Factor (3)	86.6 %	86.8 %	-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 June 2024, Copa Holdings' capacity (ASMs) increased by 12.3 %, while system-wide passenger traffic (RPMs) increased by 12.1 %, compared to 2023. As a result, the system load factor for the month was 86.6 %, 0.2 percentage points lower than in June 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-june-2024-302194107.html

SOURCE Copa Holdings, S.A.

FAQ

What was Copa Holdings' available seat miles (ASM) for June 2024?

Copa Holdings' available seat miles (ASM) for June 2024 were 2,521.9 million, an increase of 12.3% from June 2023.

How did Copa Holdings' June 2024 revenue passenger miles (RPM) compare to June 2023?

Copa Holdings' June 2024 revenue passenger miles (RPM) increased by 12.1% to 2,185.1 million compared to June 2023.

What was Copa Holdings' load factor for June 2024?

For June 2024, Copa Holdings' load factor was 86.6%, a decrease of 0.2 percentage points from June 2023.

Where does Copa Holdings operate its services?

Copa Holdings provides services in North, Central, and South America, as well as the Caribbean.

What is the significance of the load factor for Copa Holdings in June 2024?

The load factor for Copa Holdings in June 2024 was 86.6%, indicating a slight decrease of 0.2 percentage points from June 2023, which could suggest a marginal reduction in seat utilization efficiency.