Copa Holdings Second Annual Investor Day to be Held in Panama City

Copa Holdings S.A. will be hosting its second Annual Investor Day in Panama City
on January 18, 2008. This event will showcase presentations from Copa Holdings’ management team, as well as a guided tour of Copa Airlines’ Hub of the America’s and maintenance facilities in Tocumen International Airport.

Attendants may confirm their participation in this event by January 3, 2008, by
accessing our Investor Relations website at www.copaair.com/investor/default.aspx.

Copa Holdings, through its Copa Airlines and Aero Republica operating subsidiaries, is a leading Latin American provider of passenger and cargo services. Copa Airlines, based in Panama, currently offers approximately 126 daily scheduled flights to 40 destinations in 21 countries in North, Central and South America and the Caribbean.