Source: Copa Holdings

Copa Holdings, S.A. has released preliminary passenger traffic statistics for December 2025:

Copa Holdings (Consolidated) December
2025		 December
2024		 % Change
ASM (mm)(1)  2,932.4 2,665.5 10.0 %
RPM (mm)(2)  2,521.0 2,273.1 10.9 %
Load Factor(3)  86.0 % 85.3 % 0.7p.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 number of miles flown by revenue passengers
  3. Load factor – represents the percentage of aircraft seating capacity that is utilized

For December 2025, Copa Holdings’ capacity (ASMs) increased by 10.0%, while system-wide passenger traffic (RPMs) increased by 10.9% compared to 2025. As a result, the system load factor for the month was 86.0%, 0.7 percentage points higher than in December 2024.