Copa Holdings Consolidated Traffic For January Grows 20.7%

PANAMA CITY, Feb. 7, 2011 /PRNewswire/ — Copa Holdings, S.A. (NYSE: CPA), and its Copa Airlines and Copa Airlines Colombia operating subsidiaries, today released preliminary passenger traffic statistics for January 2011.

For the month of January 2011, Copa Holdings’ system-wide passenger traffic (RPM) increased 20.7%, while capacity (ASM) increased 24.0%. System load factor for January 2010 was 79.3%, a 2.2 percentage point decrease when compared to January 2010.

Copa Airlines passenger traffic (RPM) for January 2011 increased 21.3%, while capacity (ASM) increased 25.2%. This resulted in a load factor of 79.9%, a 2.6 percentage point increase when compared to January 2010.

Copa Airlines Colombia passenger traffic (RPM) for January 2010 increased 17.0%, while capacity (ASM) increased 17.9%. Load factor for the month reached 75.8%, a 0.5 percentage point decrease when compared to January 2010.

Copa Holdings, through its Copa Airlines and Copa Airlines Colombia operating subsidiaries, is a leading Latin American provider of passenger and cargo services. Copa Airlines currently offers approximately 152 daily scheduled flights to 46 destinations in 25 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. Copa Airlines Colombia provides service to 12 cities in Colombia as well as international connectivity with Copa Airlines’ Hub of the Americas through flights from Barranquilla, Bogota, Bucaramanga, Cali, Cartagena, Medellin and Pereira. Additionally, Copa Colombia has international flights from Colombia to Caracas, Guayaquil, Quito, Mexico City, Cancun and Havana. For more information, visit www.copaair.com.

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SOURCE Copa Holdings, S.A.