PR Newswire | Jan 14, 2021 05:01PM EST

01/14 16:00 CST

Copa Holdings Announces Monthly Traffic Statistics for December 2020 PANAMA CITY, Panama, Jan. 14, 2021

PANAMA CITY, Panama, Jan. 14, 2021 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA), today released preliminary passenger traffic statistics for December 2020:

December December % ChangeOperating Data 2020 2019 (YOY)

Copa Holdings (Consolidated)

ASM (mm) ^(1) 832.3 2,124.5 -60.8%

RPM (mm) ^(2) 622.6 1,814.0 -65.7%

Load Factor ^(3) 74.8% 85.4% -10.6p.p.

1. Available seat miles - represents the aircraft seating capacity multipliedby the number of miles the seats are flown.

2. Revenue passenger miles - represents the numbers of miles flownby revenue passengers

3. Load factor - represents the percentage of aircraft seatingcapacity that is actually utilized

Consolidated capacity (ASMs) came in 60.8% lower year over year in December, while passenger traffic (RPMs) decreased 65.7% year over year, which resulted in a 74.8% load factor, 10.6 percentage points lower than December 2019.

Copa Holdings is a leading Latin American provider of passenger and cargo services. The Company, through its operating subsidiaries, provides service to 80 destinations in 33 countries in North, Central and South America and the Caribbean. For more information visitwww.copa.com.

CPA-G

CONTACT:Ral Pascual - PanamDirector - Investor Relations011 (507) 304-2774

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SOURCE Copa Holdings, S.A.