Copa reports 43.3% decrease in March 2020 passenger traffic

Latin American passenger and cargo services provider Copa Holdings, S.A. (NYSE: CPA), has reported a 43.4% decrease in March 2020 passenger traffic, the company said.

Due to the global Coronavirus outbreak, the company has temporarily grounded its fleet since March 23rd, 2020. As a result, Copa Holdings´ capacity (ASMs) decreased 35.7% year over year compared to March 2019.

The load factor for the month was 73.4%, 9.9 percentage points lower than March 2019.

Copa Holdings, through its operating subsidiaries, provides service to 80 destinations in 33 countries in North, Central and South America and the Caribbean with a fleet of 102 aircraft: 6 Boeing 737 MAX9s, 82 Boeing 737NGs aircraft and 14 Embraer-190s.