Copa Holdings Announces Monthly Traffic Statistics for September 2024

(Neutral)

Rhea-AI Summary

Copa Holdings has released its preliminary passenger traffic statistics for September 2024. The company reported a 9.1% increase in capacity (ASMs) and a 7.3% increase in system-wide passenger traffic (RPMs) compared to September 2023. However, the system load factor decreased by 1.4 percentage points to 85.9%.

Key figures for September 2024:

Available seat miles (ASM): 2,497.3 million
Revenue passenger miles (RPM): 2,145.3 million
Load factor: 85.9%

Copa Holdings is a leading Latin American provider of passenger and cargo services, operating in countries across North, Central, and South America and the Caribbean.

Positive

9.1% increase in capacity (ASMs) compared to September 2023
7.3% increase in system-wide passenger traffic (RPMs) compared to September 2023

Negative

System load factor decreased by 1.4 percentage points to 85.9% compared to September 2023

News Market Reaction – CPA

+4.98%

+4.98% Session move

In the trading session that priced this news, CPA gained 4.98%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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10/15/2024 - 04:30 PM

PANAMA CITY, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Copa Holdings, S.A. (NYSE: CPA) today released preliminary passenger traffic statistics for September 2024:

Operating Data	September 2024	September 2023	% Change
Copa Holdings (Consolidated)
ASM (mm) ⁽¹⁾	2,497.3	2,289.9	9.1%
RPM (mm) ⁽²⁾	2,145.3	1,998.5	7.3%
Load Factor ⁽³⁾	85.9 %	87.3 %	-1.4 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 actually utilized}

For September 2024, Copa Holdings' capacity (ASMs) increased by 9.1%, while system-wide passenger traffic (RPMs) increased by 7.3%, compared to 2023. As a result, the system load factor for the month was 85.9%, 1.4 percentage points lower than in September 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) capacity increase in September 2024?

Copa Holdings' capacity (ASMs) increased by 9.1% in September 2024 compared to the same month in 2023.

How did Copa Holdings' (CPA) passenger traffic change in September 2024?

Copa Holdings' system-wide passenger traffic (RPMs) increased by 7.3% in September 2024 compared to September 2023.

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

Copa Holdings' system load factor for September 2024 was 85.9%, which was 1.4 percentage points lower than in September 2023.

How many available seat miles (ASMs) did Copa Holdings (CPA) report for September 2024?

Copa Holdings reported 2,497.3 million available seat miles (ASMs) for September 2024.