PANAMA CITY, July 19, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Copa Airlines, a subsidiary of Copa Holdings, reported an on-time performance of 91.88 percent for second quarter 2006, one of the best in the airline industry worldwide. In addition, during this same period, the airline maintained a 99.7 percent operational completion rate for flights within Panama and to other destinations where Copa flies.

Copa Airlines offers nonstop service to Panama City from four U.S. cities: twice daily from Miami, daily from New York City, daily from Los Angeles, and five times a week from Orlando.

"Copa continually stands out as one of the most punctual airlines in the industry, part of our ongoing efforts to provide the highest level of customer service," said Jorge Garcia, Commercial Vice President. "Copa's coworkers, from our hub personnel to the fleet maintenance group, work hard to ensure that our passengers arrive on time to their final destination."

The Copa fleet, one of the youngest in the world, is composed of Boeing 737 Next Generation and Embraer 190AR aircraft.

Copa Airlines, a subsidiary of Copa Holdings, S.A. (NYSE: CPA), is one of the leading passenger airlines in Latin America. Operating from its strategic location at the Hub of the Americas in the Republic of Panama, Copa currently offers more than 110 daily scheduled flights to 33 destinations in 20 countries in North, Central and South America and the Caribbean. In addition, Copa provides passengers with access to flights to more than 120 other international destinations through codeshare agreements with Continental Airlines and other airlines. Copa and Continental share a strategic alliance partnership that includes joint participation in Continental's award- winning frequent flyer program, OnePass. For more company information, visit http://www.copaair.com .

SOURCE Copa Airlines

Paola Valdes - Panama,
+1-507-304-2927,
or Michelle Mayorga - U.S.,
+1-210-277-2926,
both for Copa Airlines

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