Copa Holdings' Consolidated Traffic for March Grows 21.2%

PANAMA CITY, April 8, 2011 /PRNewswire/ — Beginning with this traffic release, Copa Holdings will no longer report ASM, RPM and Load Factor on a monthly basis separately for Copa Airlines and Copa Airlines Colombia. Instead, Copa Holdings will present this information on a consolidated basis and for domestic and international service, which management believes is more reflective of the performance of the company with respect to market demand. This is the result of Copa Airlines Colombia’s transition from solely domestic service to a mix that includes a significant proportion of international service.

For the month of March 2011, Copa Holdings’ system-wide passenger traffic (RPM) increased 21.2%, while capacity (ASM) increased 24.0%. System load factor for March 2010 was 75.9%, a 1.7 percentage point decrease when compared to March 2010.

International passenger traffic grew 24.6%, while capacity increased 28.7%. This resulted in a load factor of 76.5%, a 2.5 percentage point decrease when compared to March 2010. For the month, International capacity represented 91.0% of total capacity.

Domestic traffic, represented wholly by Colombian domestic service, decreased 7.1% while capacity decreased 9.6%. As a result, domestic load factor for the month increased 1.9 percentage points to 70.4%. For the month, domestic capacity represented 9.0% 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 53 destinations in 25 countries in North, Central and South America and the Caribbean with one of the youngest and most modern fleets in the industry, consisting of 65 aircraft: 29 Boeing 737NG aircraft and 26 EMBRAER-190s. For more information visit www.copaair.com.

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SOURCE Copa Holdings, S.A.