Copa Holdings April Consolidated Traffic up 27.2%

Copa Holdings, S.A. CPA, today released preliminary passenger traffic statistics for April 2011: For the month of April 2011, Copa Holdings' system-wide passenger traffic (RPM) increased 27.2%, while capacity (ASM) increased 23.9%. System load factor for April 2011 was 75.5%, a 2.0 percentage point increase when compared to April 2010. International passenger traffic grew 30.2%, while capacity increased 27.4%. This resulted in a load factor of 76.1%, a 1.7 percentage point increase when compared to April 2010. For the month, International capacity represented 90.7% of total capacity. Domestic traffic, represented wholly by Colombian domestic service, increased 2.2% while capacity decreased 2.1%. As a result, domestic load factor for the month increased 2.9 percentage points to 70.0%. For the month, domestic capacity represented 9.3% of total capacity.