Copa Holdings Announces Monthly Traffic Statistics For June 2021

Rhea-AI Summary

Copa Holdings, S.A. (NYSE: CPA) reported its preliminary passenger traffic statistics for June 2021, showing a significant decline compared to pre-pandemic levels. Consolidated capacity measured in available seat miles (ASMs) was down 41.4% from June 2019, while revenue passenger miles (RPMs) decreased by 45.6%. The load factor stood at 78.9%, a decline of 6.2 percentage points from the same month in 2019. These figures reflect the continuing impact of the Covid-19 pandemic on the airline’s operations.

Positive

• None.

Negative

• Passenger traffic (RPMs) fell by 45.6% compared to June 2019.
• Available seat miles (ASMs) decreased 41.4% from June 2019.
• Load factor dropped by 6.2 percentage points from June 2019.

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PANAMA CITY, July 12, 2021 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA), today released preliminary passenger traffic statistics for June 2021:

Operating Data	June 2021	June 2019	% Change
Copa Holdings  (Consolidated)
ASM (mm) (1)	1,210.2	2,064.0	-41.4%
RPM (mm) (2)	954.6	1,755.8	-45.6%
Load Factor (3)	78.9%	85.1%	-6.2p.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 will compare this and future traffic reports to 2019 statistics. 

Consolidated capacity (ASMs) came in 41.4% lower than June 2019, while passenger traffic (RPMs) decreased 45.6%, which resulted in a 78.9% load factor.

Copa Holdings is a leading Latin American provider of passenger and cargo services.  The Company, through its operating subsidiaries, provides service to 80 destinations in 33 countries in North, Central and South America and the Caribbean.  For more information visit www.copa.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-2021-301331948.html

SOURCE Copa Holdings, S.A.

FAQ

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What were Copa Holdings' passenger traffic statistics for June 2021?

In June 2021, Copa Holdings reported a 45.6% decrease in revenue passenger miles (RPMs) and a 41.4% decline in available seat miles (ASMs) compared to June 2019.

How did Copa Holdings' load factor change in June 2021?

Copa Holdings' load factor in June 2021 was 78.9%, down 6.2 percentage points from June 2019.

What is the significance of the traffic data for Copa Holdings?

The traffic data reflects the ongoing impact of the Covid-19 pandemic on Copa Holdings' airline operations, as it compares current statistics to pre-pandemic levels.