Copa Holdings, S.A. (CPA), Monday reported a rise in consolidated traffic for January from the year ago period. Consolidated traffic for January increased 8.1%, on a 3.3% capacity rise. Monthly load factor increased 3.6 percentage points.
For January, Panama City-based Copa Holdings' system-wide traffic increased 8.1% to 720.1 million revenue passenger miles or RPMs from 666.1 million RPMs last year.
Monthly consolidated capacity was 884.1 million available seat miles or ASMs, up 3.3% from 856.0 million ASMs in the previous year.
Consolidated load factor for January increased 3.6 percentage points to 81.5% from a year ago.
The operating subsidiary of Copa Holdings, Copa Airlines' traffic rose 6.6% to 606.3 million RPMs for the month of January from last year. The subsidiary's capacity increased 2.7% to 734.9 million ASMs and load factor increased 3.1 points to 82.5%.
Another operating subsidiary Aero Republica's January traffic increased 16.7% to 113.8 million RPMs, as capacity improved 6.5% to 149.1 million ASMs from a year ago. Load factor improved 6.7 points to 76.3%.
CPA is currently trading at $49.81, down 0.12 or 0.24%, on a volume of 80K shares on the NYSE.
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