Copa Holdings Announces Monthly Traffic Statistics For September 2014

PANAMA CITY, Oct. 15, 2014 /PRNewswire/ — Copa Holdings, S.A. (NYSE: CPA), today released preliminary passenger traffic statistics for September 2014.

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 the month of September 2014, Copa Holdings’ system-wide passenger traffic (RPM) increased 1.9% year over year, while capacity increased 9.6%. As a result, system load factor for September 2014 was 70.8%, a 5.3 percentage point decrease when compared to September 2013.

The load factor decline for the month of September was mostly attributable to capacity reductions in Venezuela, the spool up of the reallocated capacity to other markets, as well as lower load factors related to the capacity reductions in domestic Colombia.