Copa Holdings Announces Monthly Traffic Statistics for March 2026

Rhea-AI Summary

Copa Holdings (NYSE: CPA) released preliminary March 2026 traffic statistics showing capacity and demand growth versus March 2025. Available seat miles (ASM) rose 14.8% to 3,025.7 million and revenue passenger miles (RPM) rose 15.3% to 2,623.5 million. System load factor was 86.7%, up 0.4 percentage points year-over-year.

The increases reflect higher capacity and stronger passenger traffic across Copa's network in the Americas and the Caribbean. Contact investor relations for more details.

AI-generated analysis. Not financial advice.

Positive

• ASM +14.8% (3,025.7 million) in March 2026
• RPM +15.3% (2,623.5 million) in March 2026

Negative

• None.

News Market Reaction – CPA

+1.78%

1 alert

+1.78% News Effect

On the day this news was published, CPA gained 1.78%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

ASM March 2026: 3,025.7 mm ASM March 2025: 2,636.7 mm ASM YoY change: 14.8% +5 more

8 metrics

ASM March 2026 3,025.7 mm Available seat miles for March 2026

ASM March 2025 2,636.7 mm Available seat miles for March 2025

ASM YoY change 14.8% Year‑over‑year ASM growth March 2026 vs March 2025

RPM March 2026 2,623.5 mm Revenue passenger miles for March 2026

RPM March 2025 2,274.6 mm Revenue passenger miles for March 2025

RPM YoY change 15.3% Year‑over‑year RPM growth March 2026 vs March 2025

Load factor March 2026 86.7% System load factor for March 2026

Load factor change 0.4 p.p. Increase vs March 2025 load factor of 86.3%

Market Reality Check

Price: $140.40 Vol: Volume 449,014 is below t...

normal vol

$140.40 Last Close

Volume Volume 449,014 is below the 20‑day average of 561,387 (relative volume 0.8x). normal

Technical Shares at 119.18 are trading below the 200‑day MA of 122.03, and about 23.8% under the 52‑week high of 156.41.

Peers on Argus

Among key airline peers, several show negative price changes (e.g., ALK -1.55%, ...

1 Up

Among key airline peers, several show negative price changes (e.g., ALK -1.55%, LUV -2.54%, JBLU -3.85%), while Copa shares were nearly flat at -0.06%. Momentum scanner only flagged JBLU moving up, suggesting today’s setup for CPA looks more stock‑specific than sector‑driven.

Historical Context

5 past events · Latest: Mar 23 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Mar 23	NYSE content update	Neutral	+4.0%	NYSE pre‑market content featuring various topics, including a Copa Airlines mention.
Mar 16	February traffic stats	Positive	+2.3%	February 2026 data showed double‑digit ASM and RPM growth with higher load factor.
Feb 26	Form 20‑F filing	Neutral	-6.4%	Annual report on Form 20‑F filed, providing audited 2025 financial statements.
Feb 11	Q4 and FY 2025 earnings	Positive	-0.1%	Reported strong Q4 and full‑year profits plus a US$1.71 quarterly dividend.
Feb 09	January traffic stats	Positive	-0.1%	January 2026 traffic showed higher ASMs, RPMs, and improved load factor year over year.

Pattern Detected

Recent traffic releases (January and February 2026) and strong 2025 earnings showed capacity and demand growth, yet share‑price reactions were small or negative, indicating the stock has often muted or sold off on fundamentally positive updates.

Recent Company History

Over the last few months, Copa has reported consistent operational and financial progress. January and February 2026 traffic releases highlighted double‑digit growth in ASMs and RPMs and higher load factors. The Feb 11 earnings report showed strong 4Q25 and full‑year 2025 profitability plus a US$1.71 quarterly dividend, while a Feb 26 Form 20‑F filing provided audited 2025 results. Against this backdrop, the March 2026 traffic data continues the theme of expanding capacity matched by solid demand.

Market Pulse Summary

This announcement highlights continued operational momentum: March 2026 capacity grew 14.8% in ASMs,...

Analysis

This announcement highlights continued operational momentum: March 2026 capacity grew 14.8% in ASMs, passenger traffic rose 15.3% in RPMs, and system load factor improved to 86.7%, up 0.4 points versus March 2025. Together with January and February traffic reports and strong 2025 earnings, it reinforces a pattern of demand keeping pace with capacity. Investors may watch upcoming months’ traffic releases and financial updates to see if this trend persists.

Key Terms

available seat miles, revenue passenger miles, load factor, rpm

4 terms

available seat miles technical

"Available seat miles - represents the aircraft seating capacity multiplied"

Available seat miles measure the total capacity of an airline to carry passengers, calculated by multiplying the number of seats available on all flights by the distance those flights cover. It indicates how much space an airline has to generate revenue from passenger travel. For investors, higher available seat miles generally suggest a larger operation and potential for increased earnings.

revenue passenger miles technical

"Revenue passenger miles - represents the number of miles flown by"

Revenue passenger miles measure the total distance traveled by paying passengers on a transportation service, calculated by multiplying the number of paying passengers by the miles they travel. It shows how much revenue-generating activity a transportation company is doing, helping investors assess how well the company is attracting and serving passengers. Higher revenue passenger miles typically indicate stronger demand and better financial performance.

load factor technical

"Load factor - represents the percentage of aircraft seating capacity"

Load factor is a measure of how efficiently a transportation service, such as a plane, train, or bus, fills its available seats or space over a period of time. It is calculated by dividing the actual number of passengers or usage by the total available capacity. A higher load factor indicates better utilization, which can lead to more profitable operations and is important for investors assessing the efficiency and profitability of transportation companies.

rpm technical

"RPM (mm) (2) | 2,623.5 | | 2,274.6 |"

Remote Patient Monitoring (RPM) is the use of digital tools to collect health data from patients outside a clinic—such as blood pressure, glucose, or weight—and send it to clinicians for ongoing review. For investors, RPM signals a shift toward continuous, outpatient care that can create steady, recurring revenue, reduce hospital visits, and attract reimbursement from payers; adoption rates and regulatory support influence the growth and profitability of companies offering RPM solutions.

AI-generated analysis. Not financial advice.

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PANAMA CITY, April 13, 2026 (GLOBE NEWSWIRE) -- Copa Holdings, S.A. (NYSE: CPA) today released preliminary passenger traffic statistics for March 2026:

Copa Holdings (Consolidated)	March 2026		March 2025		% Change
ASM (mm) (1)	3,025.7		2,636.7		14.8	%
RPM (mm) (2)	2,623.5		2,274.6		15.3	%
Load Factor (3)	86.7	%	86.3	%	0.4p.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 number of miles flown by revenue passengers
3. Load factor - represents the percentage of aircraft seating capacity that is utilized
   
   

For March 2026, Copa Holdings' capacity (ASMs) increased by 14.8%, while system-wide passenger traffic (RPMs) increased by 15.3% compared to 2025. As a result, the system load factor for the month was 86.7%, 0.4 percentage points higher than in March 2025.

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 ir.copaair.com.

CPA-G

Investor Relations
investor.relations@copaair.com

FAQ

What were Copa Holdings (CPA) ASM and RPM results for March 2026?

ASM increased 14.8% to 3,025.7 million and RPM rose 15.3% to 2,623.5 million. According to the company, these are preliminary consolidated figures comparing March 2026 to March 2025 and reflect higher capacity and passenger demand across the network.

What does Copa's March 2026 load factor of 86.7% mean for CPA shareholders?

A load factor of 86.7% indicates high seat utilization for March 2026. According to the company, it was 0.4 percentage points higher year-over-year, signaling demand growth that outpaced slightly lower relative capacity expansion in the month.

How did Copa's capacity change in March 2026 compared to March 2025 for CPA?

Capacity, measured as ASMs, rose 14.8% year-over-year in March 2026. According to the company, the increase to 3,025.7 million ASMs reflects expanded flying across its routes in the Americas and Caribbean for the month.

Are Copa Holdings' March 2026 traffic figures final and where can investors find details?

The March 2026 traffic statistics are described as preliminary consolidated figures by the company. According to the company, investors can access further details and any updates via the investor relations website or by contacting investor relations directly.

Did Copa report passenger demand growth in March 2026 and how large was it for CPA?

Yes; passenger demand rose 15.3% year-over-year in March 2026, with RPMs at 2,623.5 million. According to the company, this increase outpaced capacity growth for the month, contributing to a higher system load factor.