Panama City-based Copa Holdings reported a net profit of $339.8 million for 2016, reversing the company’s $225 million net loss in 2015. Full-year 2016 revenue for the parent company of Panama-based Copa Airlines and Copa Airlines Colombia was $2.2 billion, down 1.3% from $2.3 billion in 2015. Operating expenses were down 2% to $1.9 billion, producing an operating income for the year of $276.6 million, up 4% from 2015. Copa reported full-year operating margins of 12.4%, which met its ...

Subscribe to Access this Entire Article

"Copa Holdings reverses losses, posts $340 million 2016 net profit" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.