Copa Holdings Announces Monthly Traffic Statistics For October 2021

Rhea-AI Summary

Copa Holdings, S.A. (NYSE: CPA) reported its preliminary passenger traffic statistics for October 2021, indicating a continued impact from the COVID-19 pandemic. Consolidated capacity (ASMs) decreased by 22.8% compared to October 2019, and passenger traffic (RPMs) fell by 25.4%. The load factor stood at 82.0%, down 2.9 percentage points from 2019. The company resumed comparing stats with pre-pandemic figures starting March 2020, emphasizing ongoing operational challenges in the airline industry.

Positive

• None.

Negative

• Passenger traffic (RPMs) fell by 25.4% compared to October 2019.
• Consolidated capacity (ASMs) decreased by 22.8% versus October 2019.
• Load factor dropped by 2.9 percentage points compared to 2019.

Argus Session date unavailable

-3.31% session move Open Argus

Details

News Market Reaction – CPA

The recorded move for CPA in the trading session of this news was -3.31%.

Data tracked by StockTitan Argus. Session date unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

PANAMA CITY, Nov. 15, 2021 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA), today released preliminary passenger traffic statistics for October 2021:

Operating Data	October	October	% Change
	2021	2019
Copa Holdings  (Consolidated)
ASM (mm) (1)	1,570.8	2,035.0	-22.8%
RPM (mm) (2)	1,288.1	1,727.7	-25.4%
Load Factor (3)	82.0%	84.9%	-2.9p.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 will compare this and future traffic reports to 2019 statistics. 

Consolidated capacity (ASMs) came in 22.8% lower than October 2019, while passenger traffic (RPMs) decreased 25.4%, which resulted in a 82.0% load factor.

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.copa.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-october-2021-301424676.html

SOURCE Copa Holdings, S.A.

FAQ

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

What are Copa Holdings' passenger traffic statistics for October 2021?

Copa Holdings reported a 25.4% decline in passenger traffic (RPMs) and a 22.8% decrease in capacity (ASMs) compared to October 2019.

How did Copa Holdings' load factor change in October 2021?

The load factor for Copa Holdings in October 2021 was 82.0%, down 2.9 percentage points compared to 2019.

What measures does Copa Holdings take in reporting traffic statistics?

Copa Holdings compares its current statistics to those from 2019, adjusting for the irregular operations due to the COVID-19 pandemic.

How has COVID-19 impacted Copa Holdings' operations?

The COVID-19 pandemic has led to significant declines in passenger traffic and capacity for Copa Holdings, as reported in their October 2021 statistics.