Copa : Announces Monthly Traffic Statistics for October 2015
November 11, 2015 at 04:45 pm EST
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PANAMA CITY, Nov. 11, 2015 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA), today released preliminary passenger traffic statistics for October 2015:
Operating Data
October
October
% Change
YTD
YTD
% Change
2015
2014
(YOY)
2015
2014
(YOY)
Copa Holdings (Consolidated)
ASM (mm) (1)
1,780.6
1,775.1
0.3%
17,969.9
17,153.1
4.8%
RPM (mm) (2)
1,321.8
1,330.9
-0.7%
13,528.2
13,207.2
2.4%
Load Factor (3)
74.2%
75.0%
-0.7p.p.
75.3%
77.0%
-1.7p.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 October 2015, Copa Holdings' system-wide passenger traffic (RPM) decreased 0.7% year over year, while capacity increased 0.3%. As a result, system load factor for October 2015 was 74.2%, a 0.7 percentage point decrease when compared to October 2014.
Copa Holdings is a leading Latin American provider of passenger and cargo services. The Company, through its operating subsidiaries, provides service to 74 destinations in 31 countries in North, Central and South America and the Caribbean with one of the youngest and most modern fleets in the industry, consisting of 101 aircraft: 76 Boeing 737NG aircraft and 25 EMBRAER-190s. For more information visit www.copa.com.
CONTACT:
Rafael Arias - Panama Director-Investor Relations (507) 304-2431
CPA-G
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Copa Holdings, S.A. is a provider of airline passenger and cargo service through its principal operating subsidiaries, Compania Panamena de Aviacion, S. A. (Copa Airlines) and AeroRepublica, S. A. (Copa Colombia). The Company operates through air transportation segment. Copa Airlines operates from its position located in the Republic of Panama. Copa Airlines provides international air transportation for passengers, cargo and mail, operating from its Panama City hub in the Republic of Panama. Copa Colombia provides service within Colombia and international flights from various cities in Colombia to Panama, Venezuela, Ecuador, Mexico, Cuba, Guatemala and Costa Rica. Copa Colombia provides domestic and international air transportation for passengers, cargo and mail with a point-to-point route network. Its subsidiary, Oval Financial Leasing, Ltd., controls the special purpose entities that have a beneficial interest in the majority of its fleet.