PANAMA CITY, June 8, 2012 /PRNewswire/ -- Copa Holdings, S.A. (NYSE: CPA), today released preliminary passenger traffic statistics for May 2012:

*Operating Data*	May	May	% Change	YTD	YTD	% Change
	2012	2011	(YOY)	2012	2011	(YOY)
Copa Holdings (Consolidated)
ASM (mm) (1)	1,320.7	1,060.8	24.5%	6,418.7	5,208.8	23.2%
RPM (mm) (2)	956.0	809.6	18.1%	4,857.6	4000.6	21.4%
Load Factor (3)	72.4%	76.3%	-3.9p.p.	75.7%	76.8%	-1.1p.p.
International Service
ASM (mm) (1)	1,262.1	971.9	29.9%	6,120.6	4,730.4	29.4%
RPM (mm) (2)	915.7	745.3	22.9%	4,631.8	3,649.9	26.9%
Load Factor (3)	72.5%	76.7%	-4.1p.p.	75.7%	77.2%	-1.5p.p.
Domestic Service
ASM (mm) (1)	58.6	88.9	-34.2%	298.1	478.4	-37.7%
RPM (mm) (2)	40.4	64.3	-37.2%	225.9	350.7	-35.6%
Load Factor (3)	69.0%	72.3%	-3.3p.p.	75.8%	73.3%	2.5p.p.
1. Available seat miles – represents the aircraft skating 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 May 2012, Copa Holdings' system-wide passenger traffic (RPM) increased 18.1% year over year, while capacity increased 24.5%. As a result, system load factor for May 2012 was 72.4%, a 3.9 percentage point decrease when compared to May 2011.

International passenger traffic grew 22.9%, while capacity increased 29.9%. This resulted in a load factor of 72.5%, a 4.1 percentage point decrease when compared to May 2011. For the month, International capacity represented 95.6% of total capacity.

Domestic traffic, represented wholly by Colombian domestic service, decreased 37.2%, while capacity decreased 34.2%. As a result, domestic load factor for the month decreased 3.3 percentage points to 69.0%. For the month, domestic capacity represented 4.4% of total capacity.

Copa Holdings is a leading Latin American provider of passenger and cargo services. The Company, through its operating subsidiaries, provides service to 59 destinations in 28 countries in North, Central and South America and the Caribbean with one of the youngest and most modern fleets in the industry, consisting of 79 aircraft: 53 Boeing 737NG aircraft and 26 EMBRAER-190s. For more information visit www.copaair.com.

CPA-G

CONTACT: Joseph Putaturo – Panama, Director-Investor Relations, +011-507-304-2677