Despite Coronavirus Fears, Copa Airlines Traffic Remains Steady For February Compared To Last Year

Despite Coronavirus Fears, Copa Airlines Traffic Remains Steady For February Compared To Last Year

Copa Holdings, S.A. (NYSE: CPA), today released preliminary passenger traffic statistics for February 2020:

Operating Data February February % Change FY FY % Change
2020 2019 (YOY) 2020 2019 (YOY)
Copa Holdings  (Consolidated)
  ASM (mm) (1) 1,955.5 1,956.0 0.0% 4,124.1 4,288.8 -3.8%
  RPM (mm) (2) 1,642.7 1,636.0 0.4% 3,469.6 3,573.2 -2.9%
  Load Factor (3) 84.0% 83.6% 0.4p.p. 84.1% 83.3% 0.8p.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 February 2020, Copa Holdings’ capacity (ASMs) remained flat while system-wide passenger traffic (RPMs) increased 0.4% year over year.  As a result, system load factor for the month was 84.0%, 0.4 percentage points higher than February 2019.

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