Copa Airlines and AeroRepublica parent Copa Holdings reported net earnings of $46.8 million in the third quarter, a 25.7% increase over the $37.2 million posted in the year-ago period. The result was boosted, however, by an $8 million pre-tax gain related to insurance proceeds stemming from the July runway overrun that destroyed an AeroRepublica E-190 in Santa Marta. Company revenue during the quarter climbed 14.7% year-over-year to $264.6 million, but operating income rose just 3.3% to ...

Subscribe to Access this Entire Article

"Boosted by insurance gain, Copa reports 25.7% profit increase" 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?

Already registered? here.