PANAMA CITY, Jan 10, 2008 /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 December 2007:

                                           December    December    Change
    Copa Holdings (Consolidated)             2007        2006        (%)
      ASM (mm) (1)                          706.9       654.4        8.0%
      RPM (mm) (2)                          540.3       493.8        9.4%
      Load Factor (3)                        76.4%       75.5%       1.0 pp
    Copa Airlines
      ASM (mm) (1)                          577.9       502.1       15.1%
      RPM (mm) (2)                          450.5       398.5       13.1%
      Load Factor (3)                        78.0%       79.4%      -1.4 pp
    Aero Republica
      ASM (mm) (1)                          129.0       152.3      -15.3%
      RPM (mm) (2)                           89.8        95.3       -5.8%
      Load Factor (3)                        69.6%       62.6%       7.0 pp

    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 December 2007, Copa Holdings' system-wide passenger traffic (RPM) increased 9.4%, while capacity (ASM) increased 8.0%. System load factor for December 2007 was 76.4%, a 1.0 percentage point increase when compared to December 2006.

Copa Airlines passenger traffic (RPM) for December 2007 increased 13.1% while capacity (ASM) increased 15.1%. This resulted in a load factor of 78.0%, a 1.4 percentage point decrease when compared to December 2006.

Aero Republica passenger traffic (RPM) for December 2007 decreased 5.8%, while capacity (ASM) decreased 15.3%. Aero Republica's load factor for the month was 69.6%, a 7.0 percentage point increase when compared to December 2006.

Copa Holdings, through its Copa Airlines and Aero Republica operating subsidiaries, is a leading Latin American provider of passenger and cargo services. Copa Airlines currently offers approximately 126 daily scheduled flights to 40 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 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 and Medellin.

    CPA-G

SOURCE Copa Holdings, S.A.

http://www.copaair.com

Copyright (C) 2008 PR Newswire. All rights reserved

News Provided by COMTEX