PANAMA CITY, Sept. 11 /PRNewswire-FirstCall/ -- Copa Holdings, S.A. (NYSE: CPA), and its Copa Airlines and AeroRepublica operating subsidiaries, today released preliminary passenger traffic statistics for August 2006:

 

                                    August    August    Change
                                     2006      2005      (%)
    Copa Holdings (Consolidated)
     ASM (mm) (1)                    612.1     520.0     17.7%
     RPM (mm) (2)                    457.2     385.5     18.6%
     Load Factor (3)                  74.7%     74.1%     0.6 p.p.
    Copa Airlines
     ASM (mm) (1)                    467.1     399.6     16.9%
     RPM (mm) (2)                    366.2     305.8     19.7%
     Load Factor (3)                  78.4%     76.5%     1.9 p.p.
    AeroRepublica
     ASM (mm) (1)                    145.0     120.4     20.4%
     RPM (mm) (2)                     91.0      79.7     14.2%
     Load Factor (3)                  62.8%     66.2%    -3.4 p.p.
    (1) Available seat miles -- represents the aircraft seating capacity
        multiplied by the number of miles the seats are flown.
    (2) Revenue passenger miles -- represents the numbers of miles flown by
        revenue passengers.
    (3) Load factor -- represents the percentage of aircraft seating capacity
        that is actually utilized.
 

For the month of August 2006, Copa Holdings' system-wide passenger traffic (RPM) increased 18.6%, while capacity (ASM) increased 17.7%. System load factor for August 2006 was 74.7%, an increase of 0.6 p.p. when compared to August 2005.

Copa Airlines passenger traffic (RPM) for August 2006 increased 19.7%, while capacity (ASM) increased 16.9%. This resulted in a load factor of 78.4%, an increase of 1.9 p.p when compared to August 2005.

AeroRepublica passenger traffic (RPM) for August 2006 increased 14.2%, while capacity (ASM) increased 20.4%. AeroRepublica's load factor for the month was 62.8%, a 3.4 p.p. decrease when compared to August 2005.

Copa Holdings, through its Copa Airlines and AeroRepublica operating subsidiaries, is a leading Latin American provider of passenger and cargo service. Copa Airlines currently offers approximately 110 daily scheduled flights to 35 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. AeroRepublica, 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 and Medellin.

CPA-G

SOURCE Copa Holdings, S.A.

CONTACT: Joseph Putaturo, Director, Investor Relations, Panama, Copa Holdings, +011-507- 304-2677 -0- Sep/11/2006 17:29 GMT