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Copa Holdings' August 2025 Traffic Improves Year Over Year

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Key Takeaways

  • Copa Holdings' August 2025 RPM grew 9.8% year over year on robust passenger demand.
  • Available seat miles rose 5.8% in August, reflecting added capacity to meet demand.
  • Load factor improved to 88.3% from 85.1% last year as traffic growth outpaced capacity.

Copa Holdings, S.A.(CPA - Free Report) , based in Panama City, Panama, is gaining from upbeat passenger volumes. The latest positive update from the Latin American carrier came when it reported robust traffic numbers for August2025 on the back of upbeat air travel demand. Driven by high passenger volumes, revenue passenger miles (RPM: a measure of air traffic) improved on a year-over-year basis in August.

To match the demand swell, CPA is increasing its capacity. In August, available seat miles (a measure of capacity) increased 5.8% year over year. RPM improved 9.8% year over year. Since traffic outpaced capacity expansion, the load factor (the percentage of seats filled by passengers) rose to 88.3% from 85.1% in August 2024.

CPA’s Zacks Rank & Price Performance

CPA currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Shares of CPA have gained 33.3% so far this year, outperforming the 8.3% increase of the Zacks Airline industry.

CPA Stock YTD Price Comparison

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August 2025 Traffic of Other Airline Companies

Apart from Copa Holdings, other airline companies that have reported traffic numbers for August 2025 are Allegiant Travel Company(ALGT - Free Report) , LATAM Airlines Group (LTM - Free Report) and Ryanair Holdings (RYAAY - Free Report) .

Allegiant

Allegiant recently reported encouraging traffic numbers for August 2025. Scheduled traffic (measured in revenue passenger miles) rose 12.1% from the August 2024 levels. Capacity (measured in available seat miles) for scheduled service rose 14.6% year over year. Although traffic improved on a year-over-year basis, it failed to outpace capacity expansion. As a result, the load factor in August 2025 declined to 82.6% from 84.5% a year ago.

LATAM Airlines

LATAM Airlines reported a 9.4% year-over-year increase in consolidated capacity for August 2025, measured in available seat-kilometers (ASK). The uptick was driven by a 12% increase in the group’s international operations and an 11.3% increase in LATAM Airlines Brazil’s domestic capacity.

LTM’s consolidated traffic, measured in revenue passenger-kilometers (RPK), increased 10.8% year over year. As traffic outpaced capacity expansion, the consolidated load factor grew by 1.1 percentage points from August 2024 to 85.4% in August 2025, maintaining healthy load factors across all business segments.

During the month, LATAM Airlines transported almost 7.7 million passengers, an increase of 9.1% year over year.

Ryanair Holdings

European carrier, Ryanair, reported solid traffic numbers for August 2025, driven by upbeat air-travel demand. The number of passengers transported on Ryanair flights was 21 million in August 2025, reflecting a 2% year-over-year increase.

Apart from year-over-year growth, RYAAY’s August traffic also reflects a straight eight-month improvement at a stretch from the beginning of 2025. RYAAY’s August traffic was higher than the July reading of 20.7 million, the June reading of 19.9 million, the May reading of 19.6 million, the April reading of 18.3 million, the March reading of 15 million, the February reading of 12.6 million and the January reading of 12.4 million. 

The August load factor of 96% remained flat on a year-over-year basis and sequential basis, reflecting consistent passenger demand for the airline's services. The August load factor of 96% was higher than the load factor of 95% reported in June and May, the load factor of 93% reported in April and March, the load factor of 92% reported in February 2025 and 91% reported in January 2025. 

In August 2025, RYAAY operated more than 114,000 flights. This marks an improvement from 113,000 flights operated in July 2025, 109,000 flights operated in June 2025, 108,000 flights operated in May 2025, 103,000 flights in April 2025, 84,000 flights in March 2025, and 71,360 flights in February 2025. In January 2025, growth at RYAAY was hampered by 38 delayed Boeing deliveries.

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