Copa Holdings Announces Monthly Traffic Statistics for October 2024
Rhea-AI Summary
Copa Holdings (NYSE: CPA) has released its October 2024 traffic statistics, showing mixed performance metrics. The airline's capacity (ASMs) increased by 6.6% to 2,557.4 million, while passenger traffic (RPMs) grew by 6.5% to 2,235.5 million compared to October 2023. However, the system load factor slightly decreased by 0.1 percentage points to 87.4% compared to the same period last year.
AI-generated analysis. Not financial advice.
Positive
- Capacity (ASMs) increased 6.6% year-over-year
- Passenger traffic (RPMs) grew 6.5% year-over-year
- Maintained high load factor of 87.4%
Negative
- Load factor decreased 0.1 percentage points compared to October 2023
News Market Reaction – CPA
On the day this news was published, CPA gained 3.72%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
PANAMA CITY, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Copa Holdings, S.A. (NYSE: CPA) today released preliminary passenger traffic statistics for October 2024:
| Operating Data | October 2024 | October 2023 | % Change |
| Copa Holdings (Consolidated) | |||
| ASM (mm) (1) | 2,557.4 | 2,398.4 | |
| RPM (mm) (2) | 2,235.5 | 2,099.8 | |
| Load Factor (3) | 87.4 % | 87.6 % | -0.1p.p. |
- Available seat miles - represents the aircraft seating capacity multiplied by the number of miles the seats are flown.
- Revenue passenger miles - represents the number of miles flown by revenue passengers
- Load factor - represents the percentage of aircraft seating capacity that is actually utilized
For October 2024, Copa Holdings' capacity (ASMs) increased by
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
