Copa Airlines, a subsidiary of Copa Holdings, reported an on-time
performance of 91.88 percent for second quarter 2006.  In addition, during this same period, the
airline maintained a 99.7 percent operational completion rate for flights
within Panama and to other destinations where Copa flies.

Copa Airlines offers nonstop service to Panama City from four U.S. cities:
twice daily from Miami, daily from New York City, daily from Los Angeles,
and five times a week from Orlando.

“Copa continually stands out as one of the most punctual airlines in the
industry, part of our ongoing efforts to provide the highest level of
customer service,” said Jorge Garcia, Commercial Vice President.  “Copa’s
coworkers, from our hub personnel to the fleet maintenance group, work hard
to ensure that our passengers arrive on time to their final destination.”
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