Copa Holdings Announces Monthly Traffic Statistics for October 2026

Rhea-AI Summary

Copa Holdings (CPA) reported preliminary October 2026 passenger traffic growth of 11.8% year over year, outpacing its capacity expansion.

Traffic reached 2,731.8 million revenue passenger miles, the miles flown by paying passengers, versus 2,443.6 million in October 2025. Capacity rose 11.5% to 3,125.3 million available seat miles, a measure of seats flown multiplied by distance, from 2,803.0 million a year earlier. Load factor, the percentage of seating capacity used, increased to 87.4% from 87.2%, a gain of 0.2 percentage points.

3 points · 0 major

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0 major · 0 points

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Positive

• Moderate pointPassenger traffic rose 11.8% year over year to 2,731.8 million revenue passenger miles in October 2026.
• Moderate pointCapacity expanded 11.5% year over year to 3,125.3 million available seat miles in October 2026.
• Minor pointLoad factor increased 0.2 percentage points year over year to 87.4% in October 2026.

Negative

• None.

Key Figures

Available seat miles: 3,125.3 million; +11.5% Revenue passenger miles: 2,731.8 million; +11.8% Load factor: 87.4%; +0.2 percentage points

Available seat miles

3,125.3 million; +11.5%

October 2026 vs October 2025

Revenue passenger miles

2,731.8 million; +11.8%

October 2026 vs October 2025

Load factor

87.4%; +0.2 percentage points

October 2026 vs October 2025

Historical Context

3 past events · Latest: Oct 08

3 events

1. Oct 08

   Monthly traffic report

   24h Move

   -0.2%

   Traffic rose 17.1%, capacity 15.7%, and load factor increased 1.1 percentage points year over year.

2. Sep 10

   Monthly traffic report

   24h Move

   -1.0%

   Capacity and traffic each grew 16.8%, while load factor was unchanged year over year.

3. Aug 04

   Monthly traffic report

   24h Move

   +2.8%

   Traffic grew 17.4%, capacity 16.2%, and load factor improved 0.9 percentage points year over year.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

available seat miles, revenue passenger miles, load factor

3 terms

available seat miles technical

"Available seat miles - represents the aircraft seating capacity multiplied by the number of miles"

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 passengers"

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 that is utilized"

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.

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PANAMA CITY, Nov. 12, 2026 (GLOBE NEWSWIRE) -- Copa Holdings, S.A. (NYSE: CPA) today released preliminary passenger traffic statistics for October 2026:

Copa Holdings (Consolidated)	October 2026		October 2025		% Change
ASM (mm) (1)	3,125.3		2,803.0		11.5%
RPM (mm) (2)	2,731.8		2,443.6		11.8%
Load Factor (3)	87.4%		87.2%		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 utilized
   

For October 2026, Copa Holdings' capacity (ASMs) increased by 11.5%, while system-wide passenger traffic (RPMs) increased by 11.8% compared to 2025. As a result, the system load factor for the month was 87.4%, 0.2 percentage points higher than in October 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

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

How much did Copa Holdings passenger traffic grow in October 2026?

Copa Holdings' preliminary October 2026 passenger traffic increased 11.8% from October 2025 to 2,731.8 million revenue passenger miles. Capacity increased 11.5% over the same period.

What was Copa Holdings' load factor in October 2026?

Copa Holdings' preliminary October 2026 load factor was 87.4%, compared with 87.2% in October 2025. This measure of seating capacity used increased by 0.2 percentage points year over year.