COPA HOLDINGS ANNOUNCES MONTHLY TRAFFIC STATISTICS FOR MAY 2024

Rhea-AI Summary

Copa Holdings (NYSE: CPA) released its preliminary passenger traffic statistics for May 2024. The airline reported a 7.2% increase in Available Seat Miles (ASM) to 2,480.5 million and an 8.7% rise in Revenue Passenger Miles (RPM) to 2,165.6 million compared to May 2023. The load factor also improved by 1.2 percentage points, reaching 87.3%. This data suggests stronger demand and improved capacity utilization for Copa Holdings. The company remains a key player in providing passenger and cargo services across North, Central, and South America, as well as the Caribbean.

Positive

• ASM increased by 7.2%, indicating higher seating capacity.
• RPM rose by 8.7%, reflecting increased passenger traffic.
• Load factor improved by 1.2 percentage points to 87.3%, showing better capacity utilization.

Negative

• No negative business aspects reported in the provided PR.

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PANAMA CITY, June 12, 2024 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA) today released preliminary passenger traffic statistics for May 2024:

Operating Data	May 2024	May 2023	% Change
Copa Holdings (Consolidated)
ASM (mm) (1)	2,480.5	2,313.7	7.2 %
RPM (mm) (2)	2,165.6	1,992.9	8.7 %
Load Factor (3)	87.3 %	86.1 %	1.2   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 May 2024, Copa Holdings' capacity (ASMs) increased by 7.2%, while system-wide passenger traffic (RPMs) also increased by 8.7%, compared to 2023. As a result, the system load factor for the month was 86.1%, 1.2 percentage points higher than in May 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-may-2024-302171273.html

SOURCE Copa Holdings, S.A.

FAQ

What is Copa Holdings' stock symbol?

Copa Holdings' stock symbol is CPA.

What was Copa Holdings' ASM for May 2024?

Copa Holdings reported an ASM of 2,480.5 million for May 2024.

How much did Copa Holdings' RPM increase in May 2024?

Copa Holdings' RPM increased by 8.7% in May 2024.

What was the load factor for Copa Holdings in May 2024?

Copa Holdings' load factor was 87.3% in May 2024.

How did Copa Holdings' May 2024 traffic statistics compare to May 2023?

In May 2024, ASM increased by 7.2%, RPM rose by 8.7%, and the load factor improved by 1.2 percentage points compared to May 2023.