Panama City, Panama–(HISPANIC PR WIRE – BUSINESS WIRE)–August 15, 2005–Copa Airlines has announced an on-time performance level of 93.56 percent for 2nd Quarter 2005, one of the highest in the aviation industry worldwide, and achieved an accumulated on-time performance rating of 94.36 for the first two quarters of the year.

The airline measures on-time performance based on international standards established for the airline industry.

“The airline industry becomes more competitive every day. At Copa Airlines, we value our passengers’ time,” said Jorge Garcia, Commercial Vice President, Copa Airlines. “That is the basis for the high level of service we provide our customers, which includes getting them to their destinations on time.”

Copa Airlines (http://www.copaair.com) is a leading Latin American provider of international airline passenger service. Operating from its strategic location at the Hub of the Americas in the Republic of Panama, Copa currently offers approximately 80 daily scheduled flights to 30 destinations in 20 countries in North, Central and South America and the Caribbean. In addition, Copa provides passengers with access to flights to more than 120 other international destinations through codeshare agreements with Continental Airlines and other airlines. Copa and Continental also share a strategic alliance partnership that includes joint participation in Continental’s award-winning frequent flyer program, OnePass(R). 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 http://www.copaair.com.

–30–SG/sa*

CONTACT:

Copa Airlines

Patricia Roquebert (Panama)

507-225-7655

or

Mayra Meza Zulayka (U.S.)

210-619-2020