PANAMA CITY, May 9, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Copa Holdings, S.A. (NYSE: CPA) announces the following events:

Earnings Release - First Quarter 2007

    Date:                        May 16, 2007
    Time:                        Before U.S. markets open

This release will be available on our website: http://www.copaair.com/investor/default.aspx

    Earnings Conference Call and Webcast
    Date:                        May 16, 2007
    Time:                        11:00 a.m. U.S. EDT (10:00 a.m. Local Time)
    Conference telephone number: 877-704-5384  (U.S. Domestic Callers)
                                 913-312-1297  (International Callers)
    Webcast:                     http://www.copaair.com/investor/default.aspx
    Speakers:                    Pedro Heilbron, Chief Executive Officer
                                 Victor Vial, Chief Financial Officer

Webcast listeners should access the website several minutes prior to the scheduled start time, allowing sufficient time to register, download and install any necessary software. If you are unable to listen or access this presentation at the scheduled time, a webcast replay option will be available at the above website shortly after the conference.

Copa Holdings, through its Copa Airlines and Aero Republica operating subsidiaries, is a leading Latin American provider of passenger and cargo service. Copa Airlines currently offers approximately 110 daily scheduled flights to 36 destinations in 21 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 codeshare agreements with Continental Airlines and other airlines. Aero Republica, the second-largest domestic carrier in Colombia, provides service to 12 cities in Colombia, as well as international connectivity with Copa Airlines' Hub of the Americas through daily flights from Bogota, Cali, Cartagena and Medellin.

CPA-G

SOURCE Copa Holdings, S.A.

Joseph Putaturo - Panama, Director-Investor Relations, Copa Holdings,
+011-507-304-2677

http://www.copaair.com/

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