Copa Holdings, parent of Copa Airlines and AeroRepublica, reported third-quarter net income of $30.3 million, down 35.6% from a $46.8 million profit in the year-ago period, a drop it attributed almost entirely to noncash fuel hedge losses. Copa took a $15.5 million noncash charge on its hedging contracts owing to the drop in oil prices during the quarter. Absent the charge, its quarterly net profit would have been $45.8 million. It said it is continuing its growth strategy and is planning ...

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