Copa Holdings Announces Monthly Traffic Statistics for September 2026

Preliminary figures show passenger traffic growing faster than capacity, with 87.9% of seating capacity utilized.

Rhea-AI Summary

Copa Holdings (CPA) reported preliminary passenger traffic growth of 17.1% for September 2026 compared with September 2025.

Traffic reached 2,674.4 million revenue passenger miles, measuring miles flown by paying passengers, versus 2,283.1 million a year earlier. Capacity increased 15.7% to 3,041.0 million available seat miles, measuring seats available multiplied by miles flown, from 2,628.2 million. Traffic growth exceeded capacity growth. The load factor, or percentage of seating capacity used, was 87.9%, compared with 86.9% in September 2025; the reported increase was 1.1 percentage points.

3 points · 0 major

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Positive

• Moderate pointPassenger traffic increased 17.1% year over year to 2,674.4 million revenue passenger miles in September 2026.
• Moderate pointCapacity increased 15.7% year over year to 3,041.0 million available seat miles in September 2026.
• Minor pointSeptember 2026 load factor reached 87.9%, a reported 1.1-percentage-point increase from September 2025.

Negative

• None.

Key Figures

Available seat miles: 3,041.0 million; +15.7% Revenue passenger miles: 2,674.4 million; +17.1% Load factor: 87.9%; +1.1 percentage points

Available seat miles

3,041.0 million; +15.7%

September 2026 vs. September 2025

Revenue passenger miles

2,674.4 million; +17.1%

September 2026 vs. September 2025

Load factor

87.9%; +1.1 percentage points

September 2026 vs. September 2025

Historical Context

3 past events · Latest: Sep 10

3 events

1. Sep 10

   Traffic statistics

   24h Move

   -1.0%

   August capacity and passenger traffic grew year over year; load factor was unchanged.

2. Aug 04

   Traffic statistics

   24h Move

   +2.8%

   July capacity, passenger traffic, and load factor increased year over year.

3. Jul 14

   Traffic statistics

   24h Move

   +0.1%

   June capacity and passenger traffic increased, while load factor declined year over year.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

available seat miles, revenue passenger miles, load factor

3 terms

available seat miles technical

"Available seat miles - represents the aircraft seating capacity multiplied by the number of miles"

Available seat miles measure the total capacity of an airline to carry passengers, calculated by multiplying the number of seats available on all flights by the distance those flights cover. It indicates how much space an airline has to generate revenue from passenger travel. For investors, higher available seat miles generally suggest a larger operation and potential for increased earnings.

revenue passenger miles technical

"Revenue passenger miles - represents the number of miles flown by revenue passengers"

Revenue passenger miles measure the total distance traveled by paying passengers on a transportation service, calculated by multiplying the number of paying passengers by the miles they travel. It shows how much revenue-generating activity a transportation company is doing, helping investors assess how well the company is attracting and serving passengers. Higher revenue passenger miles typically indicate stronger demand and better financial performance.

load factor technical

"Load factor - represents the percentage of aircraft seating capacity that is utilized"

Load factor is a measure of how efficiently a transportation service, such as a plane, train, or bus, fills its available seats or space over a period of time. It is calculated by dividing the actual number of passengers or usage by the total available capacity. A higher load factor indicates better utilization, which can lead to more profitable operations and is important for investors assessing the efficiency and profitability of transportation companies.

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PANAMA CITY, Oct. 08, 2026 (GLOBE NEWSWIRE) -- Copa Holdings, S.A. (NYSE: CPA) today released preliminary passenger traffic statistics for September 2026:

Copa Holdings (Consolidated)	September 2026		September 2025		% Change
ASM (mm) (1)	3,041.0		2,628.2		15.7%
RPM (mm) (2)	2,674.4		2,283.1		17.1%
Load Factor (3)	87.9%		86.9%		1.1p.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 utilized
   

For September 2026, Copa Holdings' capacity (ASMs) increased by 15.7%, while system-wide passenger traffic (RPMs) increased by 17.1% compared to 2025. As a result, the system load factor for the month was 87.9%, 1.1 percentage points higher than in September 2025.

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 ir.copaair.com.

CPA-G

Investor Relations
investor.relations@copaair.com

FAQ

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How much did Copa Holdings passenger traffic grow in September 2026?

Copa Holdings' preliminary September 2026 passenger traffic increased 17.1% from September 2025 to 2,674.4 million revenue passenger miles. Capacity grew 15.7% over the same period, while the percentage of seating capacity used reached 87.9%.