Copa Holdings February Capacity Up 15.6%, RPM Rises 16.2% to 87.1% Load Factor
Copa Holdings increased February capacity (ASM) by 15.6% to 2,761.8 million miles while passenger traffic (RPM) climbed 16.2% to 2,406.9 million miles. This drove a load factor of 87.1%, up 0.4 percentage points year-over-year, reflecting stronger demand outpacing capacity growth.
1. February Traffic Statistics
Copa Holdings expanded capacity (ASM) by 15.6% to 2,761.8 million available seat miles in February 2026, while passenger traffic (RPM) rose 16.2% to 2,406.9 million revenue passenger miles. The load factor reached 87.1%, marking a 0.4 percentage-point improvement year-over-year.
2. Demand vs Capacity
The stronger traffic growth relative to capacity expansion indicates rising passenger demand on key routes. The modest load factor gain suggests tighter seat inventory, which could support higher unit revenues and strengthen margin prospects in upcoming quarters.