Copa Holdings, S.A. (NYSE: CPA) today released preliminary passenger traffic statistics for July 2024:
|
Operating Data |
July 2024 |
July 2023 |
% Change |
|
Copa Holdings (Consolidated) |
|||
|
ASM (mm) (1) |
2,684.7 |
2,412.4 |
11.3 % |
|
RPM (mm) (2) |
2,350.8 |
2,147.2 |
9.5 % |
|
Load Factor (3) |
87.6 % |
89.0 % |
-1.4 p.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 passengers3. Load factor – represents the percentage of aircraft seating capacity that is actually utilized
For July 2024, Copa Holdings’ capacity (ASMs) increased by 11.3%, while system-wide passenger traffic (RPMs) increased by 9.5%, compared to 2023. As a result, the system load factor for the month was 87.6%, 1.4 percentage points lower than in July 2023.