PR Newswire | Jun 10, 2021 09:38PM EDT

06/10 20:37 CDT

Copa Holdings Announces Monthly Traffic Statistics For May 2021 PANAMA CITY, June 10, 2021

PANAMA CITY, June 10, 2021 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA), today released preliminary passenger traffic statistics for May 2021:

May MayOperating Data % Change 2021 2019

Copa Holdings (Consolidated)

ASM (mm) ^(1) 970.9 2,085.2 -53.4%

RPM (mm) ^(2) 753.6 1,796.3 -58.0%

Load Factor ^(3) 77.6% 86.1% -8.5p.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 flown by revenuepassengers

3. Load factor - represents the percentage of aircraft seating capacity thatis actually utilized

Given the irregular nature of the Company's operations starting in March 2020 due to the Covid-19 pandemic, we will compare this and future traffic reports to 2019 statistics.

Consolidated capacity (ASMs) came in 53.4% lower than May 2019, while passenger traffic (RPMs) decreased 58.0%, which resulted in a 77.6% load factor.

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.