Source: Copa Holdings

Copa Holdings, S.A. (NYSE: CPA), today released preliminary passenger traffic statistics for January 2021:

Operating Data January January % Change
2021 2020
Copa Holdings  (Consolidated)
  ASM (mm) (1) 979.5 2,168.6 -54.8%
  RPM (mm) (2) 621.4 1,826.8 -66.0%
  Load Factor (3) 63.4% 84.2% -20.8p.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

Consolidated capacity (ASMs) came in 54.8% lower than January 2020, while passenger traffic (RPMs) decreased 66.0%, which resulted in a 63.4% load factor, 20.8 percentage points lower year over year.