Copa Holdings’ Consolidated Traffic for November Grows 19.3%

PANAMA CITY, Dec. 7, 2010 /PRNewswire/ — Copa Holdings, S.A. (NYSE: CPA), and its Copa Airlines and Copa Airlines Colombia operating subsidiaries, today released preliminary passenger traffic statistics for November 2010.

For the month of November 2010, Copa Holdings’ system-wide passenger traffic (RPM) increased 19.3%, while capacity (ASM) increased 20.1%.  System load factor for November 2010 was 80.3%, a 0.5 percentage point decrease when compared to November 2009.

Copa Airlines passenger traffic (RPM) for November 2010 increased 18.4%, while capacity (ASM) increased 17.8%. This resulted in a load factor of 82.2%, a 0.4 percentage point increase when compared to November 2009.

Copa Airlines Colombia passenger traffic (RPM) for November 2010 increased 32.6%, while capacity (ASM) increased 32.6%.  Load factor for the month reached 70.5%, a 4.5 percentage point decrease when compared to November 2009. Copa Airlines Colombia’s capacity growth was mostly as a result of additional international capacity, which for November 2010 represented 35.7% of total capacity compared to 20.5% in November 2009.

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 45 destinations in 24 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 and Mexico City. For more information, visit www.copaair.com.

CPA-G

SOURCE Copa Holdings, S.A.