Copa Holdings Announces Monthly Traffic Statistics for November 2017

PANAMA CITY, Dec. 13, 2017

	Operating Data	Nov	Nov	% Change	YTD	YTD ARIVA.DE Börsen-Geflüster Kurse Copa Airlines Holdings SA 98,10 $ 0,00%	% Change
		2017	2016	(YOY)	2017	2016	(YOY)
	Copa Holdings  (Consolidated)
	ASM (mm) (1)	1,968.8	1,815.2	8.5%	21,804.4	20,028.6	8.9%
	RPM (mm) (2)	1,619.3	1,463.6	10.6%	18,153.7	16,088.4	12.8%
	Load Factor (3)	82.2%	80.6%	1.6p.p.	83.3%	80.3%	2.9p.p.
	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 November 2017, Copa Holdings' system-wide passenger traffic (RPMs) increased 10.6% year over year, while capacity (ASMs) increased 8.5%.  As a result, system load factor for the month was 82.2%, a 1.6 percentage point increase when compared to November 2016.

Copa Holdings is a leading Latin American provider of passenger and cargo services.  The Company, through its operating subsidiaries, provides service to 75 destinations in 31 countries in North, Central and South America and the Caribbean with one of the youngest and most modern fleets in the industry, consisting of 100 aircraft: 80 Boeing 737NG aircraft and 20 EMBRAER-190s. For more information visit www.copa.com.

CPA-G

CONTACT:  Raúl Pascual – Panamá
Director – Investor Relations
011 (507) 304-2774

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SOURCE Copa Holdings, S.A.