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August traffic up for Copa Holdings

Latin American low-cost airline operator Copa Holdings SA (NYSE: CPA) said that for the month of August 2013 the firm´s system-wide passenger traffic increased 17.9% year over year while capacity increased 12.7%.

As a result, system load factor for August 2013 was 77.1%, a 3.4 percentage point increase when compared to August 2012.

Copa said that its international passenger traffic grew 19.4%, while capacity increased 14.2%. This resulted in a load factor of 76.9%, a 3.3 percentage point increase when compared to August 2012. For the month, International capacity represented 96.8% of total capacity.

Domestic traffic, represented wholly by Colombian domestic service, decreased 12.9%, while capacity decreased 19.3%. As a result, domestic load factor for the month increased 6.2 percentage points to 85.0%. For the month, domestic capacity represented 3.2% of total capacity.

Copa Holdings is a provider of passenger and cargo services. The company, through its operating subsidiaries, provides service to 65 destinations in 29 countries in North, Central and South America and the Caribbean with one of the youngest and most modern fleets in the industry, consisting of 89 aircraft: 63 Boeing (NYSE: BA) 737NG aircraft and 26 Embraer-190s (NYSE: ERJ).

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