Copa Airlines Performance

Copa Holdings Announces Monthly Traffic Statistics for December 2019

Copa Holdings, S.A. (NYSE: CPA), yesterday released preliminary passenger traffic statistics for December 2019:

Operating Data

December

December

% Change

FY

FY

% Change

2019

2018

(YOY)

2019

2018

(YOY)

Copa Holdings  (Consolidated)

  ASM (mm) (1)

2,124.5

2,258.7

-5.9%

25,113.5

25,817.6

-2.7%

  RPM (mm) (2)

1,814.0

1,854.5

-2.2%

21,303.4

21,529.5

-1.0%

  Load Factor (3)

85.4%

82.1%

3.3p.p.

84.8%

83.4%

1.4p.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

For the month of December 2019, Copa Holdings' capacity (ASMs) decreased 5.9%, while system-wide passenger traffic (RPMs) decreased only 2.2% year over year.  As a result, system load factor for the month was 85.4%, 3.3 percentage points higher than December 2018.



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