Panama City-based Copa Holdings reported second-quarter net profit of $64.1 million, down 45.8% from a net profit of $118.2 million in the year-ago quarter. “Copa Holdings’ second-quarter results are mostly the product of a weak economic environment in South America,” the company said. “[Our] second-quarter results reflect lower passenger yields, driven in large part by the reduction on Venezuelan yields from the transition to all US dollar ticket sales.” Low ...

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