Copa Holdings SA Announces Preliminary Consolidated Traffic Results for Month and Year to Date Ended December 2017
January 16, 2018 at 04:45 pm
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Copa Holdings SA announced preliminary consolidated traffic results for month and year to date ended December 2017. For the month, the company reported available seat miles of 2,130.7 mm compared with 1,977.0 mm for the same period a year ago. Revenue passenger miles were 1,760.4 mm compared with 1,601.3 mm for the same period a year ago. Load factor was 82.6% compared with 81% for the same period a year ago.
For the year to date, the company reported available seat miles of 23,935.1 mm compared with 22,005.5 mm for the same period a year ago. Revenue passenger miles were 19,914.2 mm compared with 17,689.8 mm for the same period a year ago. Load factor was 83.2% compared with 80.4% for the same period a year ago.
Copa Holdings, S.A. is a provider of airline passenger and cargo service through its principal operating subsidiaries, Compania Panamena de Aviacion, S. A. (Copa Airlines) and AeroRepublica, S. A. (Copa Colombia). The Company operates through air transportation segment. Copa Airlines operates from its position located in the Republic of Panama. Copa Airlines provides international air transportation for passengers, cargo and mail, operating from its Panama City hub in the Republic of Panama. Copa Colombia provides service within Colombia and international flights from various cities in Colombia to Panama, Venezuela, Ecuador, Mexico, Cuba, Guatemala and Costa Rica. Copa Colombia provides domestic and international air transportation for passengers, cargo and mail with a point-to-point route network. Its subsidiary, Oval Financial Leasing, Ltd., controls the special purpose entities that have a beneficial interest in the majority of its fleet.