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.

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

Insights

Aviation Industry Analyst

The October 2024 traffic data reveals steady operational growth for Copa Holdings. The 6.6% increase in Available Seat Miles (ASM) indicates significant capacity expansion, while the 6.5% growth in Revenue Passenger Miles (RPM) shows strong demand matching this expansion. The load factor of 87.4% remains robust, despite a minimal decline of 0.1 percentage points year-over-year.

These metrics suggest effective capacity management and healthy demand in Copa's Latin American markets. The nearly parallel growth in both capacity and passenger traffic indicates disciplined network expansion and proper market calibration. The high load factor demonstrates efficient capacity utilization and strong revenue potential, though the slight decrease warrants monitoring for any demand softening signals.

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	6.6%
RPM (mm) (2)	2,235.5	2,099.8	6.5%
Load Factor (3)	87.4 %	87.6 %	-0.1p.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 October 2024, Copa Holdings' capacity (ASMs) increased by 6.6%, while system-wide passenger traffic (RPMs) increased by 6.5%, compared to 2023. As a result, the system load factor for the month was 87.4%, 0.1 percentage points lower than in October 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

FAQ

What was Copa Holdings (CPA) passenger capacity growth in October 2024?

Copa Holdings' capacity (ASMs) increased by 6.6% to 2,557.4 million in October 2024 compared to October 2023.

What was Copa Holdings (CPA) load factor in October 2024?

Copa Holdings reported a load factor of 87.4% in October 2024, which was 0.1 percentage points lower than October 2023.

How much did Copa Holdings (CPA) passenger traffic increase in October 2024?

Copa Holdings' passenger traffic (RPMs) increased by 6.5% to 2,235.5 million in October 2024 compared to October 2023.