COPA HOLDINGS ANNOUNCES MONTHLY TRAFFIC STATISTICS FOR OCTOBER 2022

Rhea-AI Summary

Copa Holdings, S.A. (NYSE: CPA) reported preliminary passenger traffic statistics for October 2022. The company recorded a consolidated capacity (ASM) increase of 5.2% compared to October 2019, while passenger traffic (RPM) rose by 10.2%. The overall load factor for the month was 89.0%, an increase of 4.1 percentage points from the same period in 2019. These statistics reflect the company’s ongoing recovery from the impacts of the Covid-19 pandemic, with comparisons made to pre-pandemic data.

Positive

• Passenger traffic (RPM) increased by 10.2% compared to October 2019.
• Consolidated capacity (ASM) rose by 5.2% from October 2019.
• Load factor improved to 89.0%, up 4.1 percentage points from October 2019.

Negative

• None.

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PANAMA CITY, Nov. 15, 2022 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA) today released preliminary passenger traffic statistics for October 2022:

Operating Data	October	October	% Change
	2022	2019
Copa Holdings  (Consolidated)
ASM (mm) (1)	2,141.0	2,035.0	5.2 %
RPM (mm) (2)	1,904.8	1,727.7	10.2 %
Load Factor (3)	89.0 %	84.9 %	4.1p.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 numbers of miles flown by revenue passengers
3.  Load factor - represents the percentage of aircraft seating capacity that is actually utilized

Given the irregular nature of the Company's operations starting in March 2020 due to the Covid-19 pandemic, we are comparing this traffic report to 2019 statistics. 

Consolidated capacity (ASMs) came in 5.2% higher than in October 2019, while passenger traffic (RPMs) increased by 10.2%. As a result, the load factor for the month was 89.0%, 4.1 percentage points higher than in October 2019.

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.

PRESS RELEASE CONTACT: Daniel Tapia – Panamá 
Director – Investor Relations 
011 (507) 304-2774

CPA-G

View original content:https://www.prnewswire.com/news-releases/copa-holdings-announces-monthly-traffic-statistics-for-october-2022-301678833.html

SOURCE Copa Holdings, S.A.

FAQ

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

What were Copa Holdings' passenger traffic statistics for October 2022?

In October 2022, Copa Holdings reported a 10.2% increase in passenger traffic (RPM) and a 5.2% increase in consolidated capacity (ASM) compared to October 2019.

What is Copa Holdings' load factor for October 2022?

Copa Holdings recorded a load factor of 89.0% in October 2022, an increase of 4.1 percentage points from October 2019.

How does Copa Holdings' October 2022 traffic compare to pre-pandemic levels?

Copa Holdings' October 2022 traffic shows an increase in both passenger traffic and capacity compared to October 2019, indicating a recovery from pandemic-related disruptions.

What is the significance of the traffic statistics reported by Copa Holdings?

The traffic statistics demonstrate Copa Holdings' recovery trajectory post-Covid-19, with improved load factors and passenger numbers reflecting demand growth in air travel.