Copa Holdings, S.A. (NYSE: CPA), today released preliminary passenger traffic statistics for February 2020:
Operating Data | February | February | % Change | FY | FY | % Change |
2020 | 2019 | (YOY) | 2020 | 2019 | (YOY) | |
Copa Holdings (Consolidated) | ||||||
ASM (mm) (1) | 1,955.5 | 1,956.0 | 0.0% | 4,124.1 | 4,288.8 | -3.8% |
RPM (mm) (2) | 1,642.7 | 1,636.0 | 0.4% | 3,469.6 | 3,573.2 | -2.9% |
Load Factor (3) | 84.0% | 83.6% | 0.4p.p. | 84.1% | 83.3% | 0.8p.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 the month of February 2020, Copa Holdings’ capacity (ASMs) remained flat while system-wide passenger traffic (RPMs) increased 0.4% year over year. As a result, system load factor for the month was 84.0%, 0.4 percentage points higher than February 2019.