PANAMA, Aug. 11 /PRNewswire-FirstCall/ -- Copa Holdings, S.A. (NYSE:
CPA), and its Copa Airlines and Aero Republica operating subsidiaries,
today released preliminary passenger traffic statistics for July 2008:
July July Change
2008 2007 (%)
Copa Holdings (Consolidated)
ASM (mm) (1) 766.3 700.8 9.3%
RPM (mm) (2) 619.7 560.5 10.6%
Load Factor (3) 80.9% 80.0% 0.9 p.p.
ASM (mm) (1) 632.3 548.9 15.2%
RPM (mm) (2) 534.8 466.8 14.6%
Load Factor (3) 84.6% 85.0% -0.5 p.p.
ASM (mm) (1) 134.0 151.9 -11.8%
RPM (mm) (2) 85.0 93.7 -9.4%
Load Factor (3) 63.4% 61.7% 1.7 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 numbers of miles flown by
3. Load factor - represents the percentage of aircraft seating capacity
that is actually utilized
For the month of July 2008, Copa Holdings' system-wide passenger
traffic (RPM) increased 10.6%, while capacity (ASM) increased 9.3%. System
load factor for July 2008 was 80.9%, a 0.9 percentage point increase when
compared to July 2007.
Copa Airlines passenger traffic (RPM) for July 2008 increased 14.6%,
while capacity (ASM) increased 15.2%. This resulted in a load factor of
84.6%, a 0.5 percentage point decrease when compared to July 2007.
Aero Republica passenger traffic (RPM) for July 2008 decreased 9.4%,
while capacity (ASM) decreased 11.8%. Load factor for the month was 63.4%,
a 1.7 percentage point increase when compared to July 2007. Capacity
reduction came as a result of Aero Republica's ongoing transition to
smaller gauge EMBRAER- 190 aircraft.
Copa Holdings, through its Copa Airlines and Aero Republica operating
subsidiaries, is a leading Latin American provider of passenger and cargo
service. Copa Airlines currently offers approximately 126 daily scheduled
flights to 41 destinations in 22 countries in North, Central and South
America and the Caribbean. In addition, Copa Airlines provides passengers
with access to flights to more than 120 other international destinations
through code share agreements with Continental Airlines and other airlines.
Aero Republica, the second-largest domestic carrier in Colombia, provides
service to 12 cities in Colombia as well as international connectivity with
Copa Airlines' Hub of the Americas through flights from Bogota,
Bucaramanga, Cali, Cartagena and Medellin. Additionally, in May 2008, Aero
Republica increased international service by launching direct daily flights
to Caracas, Venezuela from the cities of Bogota and Medellin.
SOURCE Copa Airlines