PR Newswire
PANAMA CITY , April 11, 2024 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA) today released preliminary passenger traffic statistics for March 2024 :
| | | |
Operating Data | March | March | % Change |
2024 | 2023 | ||
Copa Holdings (Consolidated) | | | |
ASM (mm) (1) | 2,499.1 | 2,224.6 | 12.3 % |
RPM (mm) (2) | 2,162.4 | 1,939.7 | 11.5 % |
Load Factor (3) | 86.5 % | 87.2 % | -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 numbers of miles flown by revenue passengers | |||
3. Load factor - represents the percentage of aircraft seating capacity that is actually utilized |
For March 2024 , Copa Holdings' capacity (ASMs) increased by 12.3%, while system-wide passenger traffic (RPMs) also increased by 11.5%, compared to 2023. As a result, the system load factor for the month was 86.5%, 0.7 percentage points lower than in March 2023 .
Copa Holdings is a leading Latin American provider of passenger and cargo services. The Company, through its operating subsidiaries, provides service to countries in North, Central, and South America and the Caribbean . For more information visit www.copaair.com .
CPA-G
CONTACT: Daniel Tapia – Panamá
Director – Investor Relations
011 (507) 304-2774
SOURCE Copa Holdings, S.A.