Copa Airlines Reports 90.7 Percent On-Time Performance for 3rd Quarter 2004.

PANAMA CITY, PANAMA -- Copa Airlines has reported a 90.7 percent on-time performance level for 3rd quarter 2004.

Copa's overall on-time performance level for 2004 is 92.9 percent, one of the best such records in the airline industry worldwide. The airline measures its on-time performance utilizing the U.S. Department of Transportation (DOT) industry standard measure of a maximum 15-minute variation from the scheduled time of arrival.

"Our on-time performance tells our customers that their schedules, like ours, are a priority," said Jorge Garcia Icaza, Copa Airlines Commercial Vice President. "Copa's passengers have grown accustomed to receiving fast and reliable travel from our airline."

Copa Airlines (www.copaair.com), established in 1947, today flies to 31 destinations in 20 countries in North, Central and South America and the Caribbean from its Hub of the Americas at Tocumen International Airport in Panama City, Panama. Copa offers flights to 120 other international destinations through codeshare agreements with Continental and Mexicana airlines. Copa and Continental also share a strategic alliance partnership that includes joint participation in Continental's award-winning frequent flyer program, OnePass(R). A leader in aviation industry technology, Copa is the first airline in the Americas to utilize the Vertical Situation Display (VSD) flight deck instrument and has one of the best on-time performance records worldwide. SkyTrax classified Copa as "Best Airline in Central America, Mexico and the Caribbean" in April 2004, based on a passenger survey. In June 2004, America Economia Magazine named Copa one of the "25 Best Employers in Latin America."

Copa Airlines offers nonstop service to Panama City from four U.S. cities: daily from New York city, twice daily from Miami, daily from Los Angeles, and four times a week from Orlando. For more company information, visit copaair.com.