Copa Holdings – CPA – Consolidated Traffic for June Grows 20.8%
Copa Holdings, S.A. (NYSE: CPA), released preliminary passenger traffic statistics for June 2012:
For the month of June 2012, Copa Holdings’ system-wide passenger traffic (RPM) increased 20.8% year over year, while capacity increased 26.4%. As a result, system load factor for June 2012 was 73.6%, a 3.4 percentage point decrease when compared to June 2011.
International passenger traffic grew 24.8%, while capacity increased 31.1%. This resulted in a load factor of 73.2%, a 3.7 percentage point decrease when compared to June 2011. For the month, International capacity represented 95.2% of total capacity.
Domestic traffic, represented wholly by Colombian domestic service, decreased 23.1%, while capacity decreased 26.7%. As a result, domestic load factor for the month increased 3.8 percentage points to 82.6%. For the month, domestic capacity represented 4.8% of total capacity.
About Copa Holdings – CPA
Copa Holdings (CPA) is a leading Latin American provider of passenger and cargo services. The Company, through its operating subsidiaries, provides service to 64 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 80 aircraft: 54 Boeing 737NG aircraft and 26 EMBRAER-190s.
CPA is a Panama-based company principally engaged, through its subsidiaries Compania Panamena de Aviacion SA (Copa Airlines) and AeroRepublica SA (Copa Colombia), in the provision of airline passenger and cargo services. Copa Airlines operates from its position in the Republic of Panama and Copa Colombia provides services within Colombia and international flights from various cities of its cities to other Latin American countries.
As of December 31, 2011, CPA operated a fleet of 73 aircraft, which include 20 Boeing 737-700 Next Generation aircraft, 27 Boeing 737-800 Next Generation aircraft and 26 Embraer 190 aircraft. As of December 31, 2011, it offered approximately 295 daily scheduled flights among 59 destinations in 28 countries in North, Central and South America and the Caribbean from its Panama City hub. In addition, FMR LLC was the Company’s major shareholder with 9.3% of its interest.
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Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.
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