Source: Copa

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

Operating Data November November % Change
2020 2019 (YOY)
Copa Holdings  (Consolidated)
  ASM (mm) (1) 551.1 1,987.0 -72.3%
  RPM (mm) (2) 431.5 1,700.3 -74.6%
  Load Factor (3) 78.3% 85.6% -7.3p.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

Consolidated capacity (ASMs) came in 72.3% lower year over year in November, while passenger traffic (RPMs) decreased 74.6% year over year, which resulted in a 78.3% load factor, 7.3 percentage points lower than November 2019.