SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
Report
of Foreign Issuer
Pursuant
to Rule 13a-16 or 15d-16 of
the
Securities Exchange Act of 1934
Report
on Form 6-K dated for the month of
June, 2009
Copa
Holdings, S.A.
(Translation
of Registrant's Name Into English)
Boulevard
Costa del Este, Avenida Principal y Avenida de la Rotonda
Urbanización
Costa del Este
Parque
Lefevre
Panama
City, Panama
(Address
of principal executive offices)
(Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F.)
Form
20-F x Form
40-F o
(Indicate
by check whether the registrant by furnishing the information contained in this
Form is also thereby furnishing the information to the Commission pursuant to
Rule 12g3-2(b) under the Securities Exchange Act of 1934.)
Yes o No x
(If “Yes”
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b);82- )
Enclosure: COPA HOLDINGS
ANNOUNCES TRAFFIC STATISTICS FOR MAY 2009
 |
 |
| PRESS RELEASE |
CONTACT: Joseph
Putaturo – Panamá
Director-Investor Relations
011-507-304-2677
|
COPA
HOLDINGS ANNOUNCES TRAFFIC STATISTICS FOR MAY 2009
Panama, June 8, 2009 - Copa Holdings, S.A. (NYSE:
CPA), and its Copa Airlines and Aero Republica operating subsidiaries, today
released preliminary passenger traffic statistics for
May 2009:
|
Copa
Holdings (Consolidated)
|
May
|
May
|
Change
|
|
2009
|
2008
|
(%)
|
|
|
ASM
(mm) (1)
|
812.7
|
700.1
|
16.1%
|
|
RPM
(mm) (2)
|
518.2
|
527.4
|
-1.7%
|
|
Load
Factor (3)
|
63.8%
|
75.3%
|
-11.6
p.p.
|
|
Copa
Airlines Segment
|
|||
|
ASM
(mm) (1)
|
686.9
|
580.1
|
18.4%
|
|
RPM
(mm) (2)
|
445.6
|
456.2
|
-2.3%
|
|
Load
Factor (3)
|
64.9%
|
78.7%
|
-13.8
p.p.
|
|
Aero
Republica Segment
|
|||
|
ASM
(mm) (1)
|
125.7
|
120.0
|
4.8%
|
|
RPM
(mm) (2)
|
72.6
|
71.2
|
2.1%
|
|
Load
Factor (3)
|
57.8%
|
59.3%
|
-1.5
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 May 2009, Copa Holdings’ system-wide passenger traffic (RPM) decreased
1.7% while capacity (ASM) increased 16.1%. System load factor for May
2009 was 63.8%, an 11.6 percentage point decrease when compared to May
2008.
Copa
Airlines passenger traffic (RPM) for May 2009 decreased 2.3%, while capacity
(ASM) increased 18.4%. This resulted in a load factor of 64.9%, a 13.8
percentage point decrease when compared to May 2008. Monthly
passenger traffic was negatively affected as a result of the H1N1 flu crisis,
which resulted in lower overall demand for intra-Latin America travel,
especially to and from Mexico. During the month, Copa Airlines
reduced capacity to Mexican destinations by approximately 20% by reducing
frequencies and down gauging aircraft capacity. Without these
capacity adjustments, year-over-year capacity expansion for the month of May
would have been 19.8%. Preliminary figures for the month of June
indicate the situation is normalizing, but will nevertheless affect June load
factors and 2Q09 results.
Aero
Republica passenger traffic (RPM) for May 2009 increased 2.1%, while capacity
(ASM) increased 4.8%. Load factor for the month was 57.8%, a 1.5
percentage point decrease when compared to May 2008.
On a
consolidated basis, and taking into consideration the effect of reduced traffic
as a result of the regional H1N1 flu crisis, the Company still expects to come
in within its operating margin guidance of 16-18% for full year
2009.
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
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned, hereunto
duly authorized.
|
Copa Holdings, S.A.
(Registrant)
|
|||
|
Date:
06/05/2009
|
By:
|
/s/ Victor Vial | |
| Name: Victor Vial | |||
| Title: CFO | |||