13 June 2014
Copa Holdings, S.A. (NYSE: CPA) said that for the month of May 2014, its system-wide passenger traffic increased 12.6 percent year over year, while capacity increased 8.9 percent.
As a result, system load factor for May 2014 was 77.9 percent, a 2.6 percentage point increase when compared to May 2013.
International passenger traffic grew 15.0 percent, while capacity increased 11.1 percent. This resulted in a load factor of 78.0 percent, a 2.7 percentage point increase when compared to May 2013. For the month, International capacity represented 98.5 percent of total capacity.
Domestic traffic, represented wholly by Colombian domestic service, decreased 54.5 percent, while capacity decreased 51.8 percent. As a result, domestic load factor for the month decreased 4.1 percentage points to 70.6 percent. For the month, domestic capacity represented 1.5 percent of total capacity.
Copa Holdings is a leading Latin American provider of passenger and cargo services. The company, through its operating subsidiaries, provides service to 67 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 92 aircraft: 66 Boeing 737NG aircraft and 26 EMBRAER-190s. For more information visit www.copaair.com.