Copa Holdings (CPA) May Traffic Increases From 2023 Levels

To match the demand swell, CPA is increasing its capacity. In May, available seat miles (a measure of capacity) increased 7.2% year over year. Revenue passenger miles increased 8.7%. With traffic growth outpacing capacity expansion, the load factor (percentage of seats filled by passengers) improved to 87.3% from 86.1% in May 2023. Given the buoyant traffic scenario, Copa Holdings is not the only airline to report impressive traffic numbers for May. Ryanair Holdings (RYAAY) , a European carrier, also report ...