Copa Holdings (CPA) June Traffic Rises From 2023 Levels

Copa Holdings, S.A. (CPA) reported solid traffic numbers for June 2024 on the back of upbeat air-travel demand. Driven by high passenger volumes, revenue passenger miles (a measure of traffic) rose in double digits in June on a year-over-year basis. To match the demand swell, CPA is increasing its capacity. In June, available seat miles (a measure of capacity) increased 12.3% year over year. Revenue passenger miles rose 12.1%. Although traffic improved on a yearover-year basis, it failed to outpace capacity ...