Copa 2Q net profit down 15% on fuel costs, weak regional currencies

Credit: Rob Finlayson
Panama-based Copa Holdings posted a second-quarter 2018 net profit of $49.9 million, down 15% from $58.6 million in 2Q 2017. The results reflect the combined effects of rising fuel costs, weakened currencies in Brazil and Argentina, and a 90-day halt on all Copa flights to Caracas, Venezuela, the...

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