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PANAMA CITY, Jan. 12 /PRNewswire-FirstCall/ -- Copa Holdings, S.A.
(NYSE: CPA), and its Copa Airlines and AeroRepublica operating subsidiaries,
today released preliminary passenger traffic statistics for December 2005:
Copa Holdings (Consolidated) December December Change
2005 2004* (%)
ASM (mm) (1) 552.9 448.6 23.3%
RPM (mm) (2) 397.5 317.1 25.4%
Load Factor (3) 71.9% 70.7% 1.2 p.p
Copa Airlines
ASM (mm) (1) 404.6 333.7 21.2%
RPM (mm) (2) 308.4 239.1 29.0%
Load Factor (3) 76.2% 71.7% 4.5 p.p
AeroRepublica
ASM (mm) (1) 148.3 114.9 29.1%
RPM (mm) (2) 89.2 78.0 14.4%
Load Factor (3) 60.1% 67.9% -7.8 p.p
* Figures for 2004 are not comparable for Copa Holdings, due to our
purchase of AeroRepublica on April 22, 2005.
1. Available seat miles - represents the aircraft seating capacity
multiplied by the number of miles the seats are flown.
2. Revenue passenger miles - represents the numbers of miles flown by
revenue passengers
3. Load factor - represents the percentage of aircraft seating capacity
that is actually utilized
For the month of December 2005, Copa Holdings system-wide passenger
traffic (RPM) increased 25.4%, while capacity (ASM) increased 23.3%. System
load factor for December 2005 reached 71.9%, an increase of 1.2 p.p. when
compared to December 2004.
Copa Airlines passenger traffic (RPM) for December increased 29.0%, while
capacity (ASM) increased 21.2%. This resulted in a 4.5% increase in load
factor when compared to December 2004.
AeroRepublica passenger traffic (RPM) for December 2005 increased 14.4%,
while capacity (ASM) increased 29.1%. AeroRepublica4s load factor decreased
7.8 p.p when compared to December 2004.
Copa Holdings, through its Copa Airlines and AeroRepublica operating
subsidiaries, is a leading Latin American provider of passenger and cargo
service. Copa Airlines currently offers approximately 80 daily scheduled
flights to 30 destinations in 20 countries in North, Central and South America
and the Caribbean. In addition, Copa Airlines provides passengers with access
to flights to more than 120 other international destinations through codeshare
agreements with Continental Airlines and other airlines. AeroRepublica, the
second-largest domestic carrier in Colombia, provides service to 12 cities in
Colombia as well as international connectivity with Copa Airlines Hub of the
Americas through daily flights from Medellin and Cartagena.
This release includes "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. Such forward-looking
statements are based on current plans, estimates and expectations, and are not
guarantees of future performance. They are based on managements expectations
that involve a number of business risks and uncertainties, any of which could
cause actual results to differ materially from those expressed in or implied
by the forward-looking statements. The Company undertakes no obligation to
update or revise any forward-looking statement. The risks and uncertainties
relating to the forward-looking statements in this presentation include those
described under the caption "Risk Factors" and "Special Note About Forward-
Looking Statements" in the Companys registration statement on Form F-1 filed
with the U.S. Securities and Exchange Commission.
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