Copa Holdings, S.A., through its subsidiaries, Compañía Panameña de Aviación, S.A. (Copa Airlines) and AeroRepública, S.A. (Copa Colombia), provides airline passenger and cargo services. Copa Airlines operates from its strategically located position in the Republic of Panama, and Copa Colombia provides service within Colombia and international flights from various cities in Colombia to Panama, Venezuela, Ecuador, Mexico, Cuba, Guatemala and Costa Rica. The company operates a fleet of 98 aircraft, 72 Boeing 737-Next Generation aircraft and 26 Embraer 190 aircraft. The company offers approximately 355 daily scheduled flights among 69 destinations in 30 countries in North, Central and South America and the Caribbean from its Panama City hub. It provides passengers with access to flights to approximately 170 other destinations through codeshare arrangements with United Continental Holdings, Inc. (UAL) and other airlines pursuant to which each airline places its name and flight designation code on the other’s flights. Through its Panama City hub, the company consolidates passenger traffic from multiple points to serve each destination effectively. As a part of strategic relationship with UAL, the company provides flights through code-sharing arrangements to approximately 170 other destinations. In addition to code-shares provided with Star Alliance partners, the company also has code-sharing arrangements in place with other carriers, including KLM, Gol Intelligent Airlines, and Aeromexico. Cargo Operations In addition to its passenger service, the company makes use of extra capacity in the belly of its aircraft by carrying cargo. The company’s cargo operations consist principally of freight service. Sales and Marketing The company has a sales and marketing network consisting of 83 domestic and international ticket offices, including airport and city ticket offices located in Panama and Colombia. Strategy The main elements of the company’s business strategy include the following: expanding network by increasing frequencies and adding new destinations; emphasizing superior service and value to customers; and capitalizing on opportunities at Copa Colombia. Seasonality Generally, the company’s revenues from and the profitability of its flights peak during the northern hemisphere’s summer season in July and August and again during the December and January holiday season. Given the company’s high proportion of fixed costs, this seasonality is likely to cause its results of operations to vary from quarter to quarter (year ended December 31, 2014). Competition The company’s competitors include Avianca-Taca, American Airlines, Delta Airlines, AeroMexico, LATAM Group, Viva Colombia, and the LAN Group. History Copa Holdings, S.A. was founded in 1947. The company was incorporated according to the laws of the Republic of Panama in 1988.
copa holdings sa-class a (CPA:New York)
Boulevard Costa del Este
Avenida Principal y Avenida de la Rotonda
Urbanización Costa del Este, Complejo Business Par
Torre Norte, Parque Lefevre
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