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 April, 2014
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
Complejo Business Park, Torre Norte
ParqueLefevre
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 ¨
(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 ¨ No x
(If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b);82- )
Enclosure: Press Release - COPA HOLDINGS ANNOUNCES MONTHLY TRAFFIC STATISTICS FOR MARCH 2014
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: 4/21/2014 | ||
| By: | /s/ José Montero | |
| Name: José Montero Title: CFO | ||
Copa Holdings Announces Monthly Traffic Statistics for March 2014
PANAMA CITY, April 14, 2014 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA), today released preliminary passenger traffic statistics for March 2014:
Operating Data | March | March | %
| YTD | YTD | % Change |
2014 | 2013 | (YOY) | 2014 | 2013 | (YOY) | |
Copa Holdings (Consolidated) |
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ASM (mm) (1) | 1,709.0 | 1,576.2 | 8.4% | 5,014.8 | 4,590.0 | 9.3% |
RPM (mm) (2) | 1,292.4 | 1,177.8 | 9.7% | 3,916.8 | 3,529.2 | 11.0% |
Load Factor (3) | 75.6% | 74.7% | 0.9p.p. | 78.1% | 76.9% | 1.2p.p. |
International Service |
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ASM (mm) (1) | 1,666.8 | 1,518.0 | 9.8% | 4,875.9 | 4,422.0 | 10.3% |
RPM (mm) (2) | 1,261.2 | 1,135.8 | 11.0% | 3,807.3 | 3,399.3 | 12.0% |
Load Factor (3) | 75.7% | 74.8% | 0.8p.p. | 78.1% | 76.9% | 1.2p.p. |
Domestic Service |
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ASM (mm) (1) | 42.3 | 58.2 | -27.4% | 139.0 | 168.0 | -17.3% |
RPM (mm) (2) | 31.2 | 42.0 | -25.7% | 109.4 | 129.8 | -15.7% |
Load Factor (3) | 73.9% | 72.1% | 1.7p.p. | 78.8% | 77.3% | 1.4p.p. |
1. Available seat miles - represents the aircraft seating capacity multiplied by the number of miles the seats are flown. |
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2. Revenue passenger miles - represents the numbers of miles flown by revenue passengers |
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3. Load factor - represents the percentage of aircraft seating capacity that is actually utilized |
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For the month of March 2014, Copa Holdings' system-wide passenger traffic (RPM) increased 9.7% year over year, while capacity increased 8.4%. As a result, system load factor for March 2014 was 75.6%, a 0.9 percentage point increase when compared to March 2013.
International passenger traffic grew 11.0%, while capacity increased 9.8%. This resulted in a load factor of 75.7%, a 0.8 percentage point increase when compared to March 2013. For the month, International capacity represented 97.5% of total capacity.
Domestic traffic, represented wholly by Colombian domestic service, decreased 25.7%, while capacity decreased 27.4%. As a result, domestic load factor for the month increased 1.7 percentage points to 73.9%. For the month, domestic capacity represented 2.5% of total capacity.
Copa Holdings is a leading Latin American provider of passenger and cargo services. The Company, through its operating subsidiaries, provides service to 66 destinations in 29 countries in North, Central and South America and the Caribbean with one of the youngest and most modern fleets in the industry, consisting of 92 aircraft: 66 Boeing 737NG aircraft and 26 EMBRAER-190s. For more information visit www.copaair.com.
CPA-G
CONTACT:
Rafael Arias – Panama
Director-Investor Relations
+011 (507) 304-2431