PANAMA CITY, Aug 05, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- Copa Holdings, S.A. (NYSE: CPA), and its Copa Airlines and Aero Republica operating subsidiaries, today released preliminary passenger traffic statistics for July 2009:

                                     July          July           Change
                                     2009          2008             (%)
                                    ------        ------          ------
    Copa Holdings (Consolidated)
    ----------------------------

    ASM (mm) (1)                     878.9         766.3           14.7%
    ----------------------------     ------        ------         ------
    RPM (mm) (2)                     669.6         619.7            8.0%
    ----------------------------     ------        ------         ------
    Load Factor (3)                  76.2%         80.9%       -4.7 p.p.
    ----------------------------     ------        ------         ------

    Copa Airlines Segment
    ----------------------------

    ASM (mm) (1)                     729.4         632.3           15.4%
    ----------------------------     ------        ------         ------
    RPM (mm) (2)                     566.6         534.8            5.9%
    ----------------------------     ------        ------         ------
    Load Factor (3)                  77.7%         84.6%       -6.9 p.p.
    ----------------------------     ------        ------         ------

    Aero Republica Segment
    ----------------------------

    ASM (mm) (1)                     149.6         134.0           11.6%
    ----------------------------     ------        ------         ------
    RPM (mm) (2)                     103.0          85.0           21.2%
    ----------------------------     ------        ------         ------
    Load Factor (3)                  68.9%         63.4%        5.4 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 July 2009, Copa Holdings' system-wide passenger traffic (RPM) increased 8.0% while capacity (ASM) increased 14.7%. System load factor for July 2009 was 76.2%, a 4.7 percentage point decrease when compared to July 2008.

Copa Airlines passenger traffic (RPM) for July 2009 increased 5.9%, while capacity (ASM) increased 15.4%. This resulted in a load factor of 77.7%, a 6.9 percentage point decrease when compared to July 2008.

Aero Republica passenger traffic (RPM) for June 2009 increased 21.2%, while capacity (ASM) increased 11.6%. Load factor for the month was 68.9%, a 5.4 percentage point increase when compared to June 2008.

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 144 daily scheduled flights to 45 destinations in 24 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 code share 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 flights from Bogota, Bucaramanga, Cali, Cartagena, Medellin and Pereira. Additionally, Aero Republica has direct daily flights to Caracas, Venezuela from Medellin, Colombia.

CPA-G

SOURCE Copa Holdings, S.A.

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