Copa Holdings, S.A. Reports Consolidated Operating Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 08, 2024 at 05:25 pm EST
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Copa Holdings, S.A. reported consolidated operating results for the fourth quarter and full year ended December 31, 2023. For the quarter, the company reported Revenue Passengers Carried of 3,310,000 against 2,813,000 a year ago. Revenue Passengers OnBoard of 4,930,000 against 4,262,000 a year ago. RPMs of 6,263 million against 5,639 million a year ago. ASMs of 7,228 million against 6,509 million a year ago. Load Factor were 86.7% against 86.6% a year ago.
For the year, the company reported Revenue Passengers Carried of 12,442,000 against 10,334,000 a year ago. Revenue Passengers OnBoard of 18,566,000 against 15,724,000 a year ago. RPMs of 24,052 million against 20,779 million a year ago. ASMs of 27,700 million against 24,430 million a year ago. Load Factor were 86.8% against 85.1% a year ago.
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.
COPA HOLDINGS, S.A. 
