Panama City-based Copa Holdings posted net income of $54.5 million for the 2016 second quarter, down 14.9% from a net income of $64.1 million in the year-ago quarter. Copa Holdings—the parent company of Panama’s Copa Airlines and Copa Airlines Colombia—said the second-quarter results reflect “a low-yield environment, mainly driven by the continued economic weakness in Brazil, Colombia and Venezuela.” Copa reported realized fuel hedge losses of $21.2 ...

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