Source: Copa Holdings

Copa Holdings, S.A. today released preliminary passenger traffic statistics for March 2023:

Operating Data March March % Change
2023 2019
Copa Holdings  (Consolidated)
  ASM (mm) (1) 2,224.6 2,126.6 4.6 %
  RPM (mm) (2) 1,939.7 1,771.7 9.5 %
  Load Factor (3) 87.2 % 83.3 % 3.9p.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 4.6% higher than in March 2019, while passenger traffic (RPMs) increased by 9.5%. As a result, the load factor for the month was 87.2%, 3.9 percentage points higher than in March 2019.