Copa Holdings Announces Monthly Traffic Statistics for February 2010

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PANAMA CITY, March 4 /PRNewswire-FirstCall/ -- Copa Holdings, S.A. (NYSE: CPA), and its Copa Airlines and Aero Republica operating subsidiaries, today released preliminary passenger traffic statistics for February 2010:

    Copa Holdings           February         February       Change
    (Consolidated)            2010             2009          (%)
    ASM (mm) (1)              768.3            745.8          3.0%
    RPM (mm) (2)              620.7            555.9         11.7%
    Load Factor (3)           80.8%            74.5%      6.3 p.p.

    Copa Airlines
    ASM (mm) (1)              653.0            627.2          4.1%
    RPM (mm) (2)              542.4            485.6         11.7%
    Load Factor (3)           83.1%            77.4%      5.6 p.p.

    Aero Republica
    ASM (mm) (1)              115.3            118.6         -2.8%
    RPM (mm) (2)               78.4             70.3         11.4%
    Load Factor (3)           68.0%            59.3%      8.7 p.p.

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 February 2010, Copa Holdings' system-wide passenger traffic (RPM) increased 11.7%, while capacity (ASM) increased 3.0%. System load factor for February 2010 was 80.8%, a 6.3 percentage point increase when compared to February 2009.

Copa Airlines passenger traffic (RPM) for February 2010 increased 11.7%, while capacity (ASM) increased 4.1%. This resulted in a load factor of 83.1%, a 5.6 percentage point increase when compared to February 2009.

Aero Republica passenger traffic (RPM) for February 2010 increased 11.4%, while capacity (ASM) decreased 2.8%. Load factor for the month reached 68.0%, an 8.7 percentage point increase when compared to February 2009.

Copa Holdings, through its Copa Airlines and Aero Republica operating subsidiaries, is a leading Latin American provider of passenger and cargo services. Copa Airlines currently offers approximately 152 daily scheduled flights to 45 destinations in 24 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 code share agreements with Continental Airlines and other airlines. Aero Republica provides service to 12 cities in Colombia as well as international connectivity with Copa Airlines' Hub of the Americas through flights from Barranquilla, Bogota, Bucaramanga, Cali, Cartagena, Medellin and Pereira. Additionally, Aero Republica has international flights from Colombia to Caracas and Quito. For more information, visit www.copaair.com.

CPA-G

SOURCE Copa Holdings, S.A.