PANAMA CITY - Copa Holdings, S.A. (NYSE: NYSE:CPA), a prominent Latin American airline, has reported an increase in air traffic for December 2023. The company's latest data shows a 9.3% rise in available seat miles (ASM) and a 10.6% increase in revenue passenger miles (RPM) compared to December 2022.
The airline's ASM, a measure of flight capacity, reached 2,501.7 million miles in the month, up from 2,288.1 million miles in the same period the previous year. RPMs, which represent the number of miles flown by paying passengers, also saw a significant rise from 1,924.1 million miles to 2,128.6 million miles year-over-year.
This growth in passenger traffic resulted in an improved load factor, a key indicator of airline efficiency that measures the percentage of seating capacity utilized. For December 2023, Copa Holdings' load factor was 85.1%, a 1.0 percentage point increase from the 84.1% reported in December 2022.
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