Source: COPA Holdings

Copa Holdings, S.A. released preliminary passenger traffic statistics for December 2022:

Operating Data December December % Change
2022 2019
Copa Holdings  (Consolidated)
  ASM (mm) (1) 2,288.1 2,124.5 7.7 %
  RPM (mm) (2) 1,924.1 1,814.0 6.1 %
  Load Factor (3) 84.1 % 85.4 % -1.3p.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

Given the irregular nature of the Company’s operations starting in March 2020 due to the Covid-19 pandemic, we are comparing this traffic report to 2019 statistics.

Consolidated capacity (ASMs) came in 7.7% higher than in December 2019, while passenger traffic (RPMs) increased by 6.1%. As a result, the load factor for the month was 84.1%, 1.3 percentage points lower than in December 2019.