Copa Holdings' Consolidated Traffic for July Grows 21.3%

PANAMA CITY, Aug. 9, 2011 /PRNewswire/ — Copa Holdings, S.A. (NYSE: CPA), today released preliminary passenger traffic statistics for July 2011:

For the month of July 2011, Copa Holdings’ system-wide passenger traffic (RPM) increased 21.3%, while capacity (ASM) increased 17.6%. System load factor for July 2011 was 83.2%, a 2.5 percentage point increase when compared to July 2010.

International passenger traffic grew 29.0%, while capacity increased 24.7%. This resulted in a load factor of 83.2%, a 2.7 percentage point increase when compared to July 2010. For the month, International capacity represented 93.8% of total capacity.

Domestic traffic, represented wholly by Colombian domestic service, decreased 35.8%, as capacity decreased 36.6%. As a result, domestic load factor for the month increased 1.0 percentage points to 83.5%. For the month, domestic capacity represented 6.2% of total capacity.

Copa Holdings is a leading Latin American provider of passenger and cargo services. The Company, through its operating subsidiaries, provides service to 55 destinations in 27 countries in North, Central and South America and the Caribbean with one of the youngest and most modern fleets in the industry, consisting of 67 aircraft: 41 Boeing 737NG aircraft and 26 EMBRAER-190s. For more information visit www.copaair.com.