Copa Holdings, parent of Panama's Copa Airlines and Copa Airlines Colombia (formerly Aero Republica), reported first-quarter net income of $94.5 million, more than double the $42.6 million earned in the year-ago period, as strong sales growth more than offset a near 50% rise in fuel expense.
Copa Airlines 737-800. Photo: Courtesy Boeing. Copa Holdings, parent of Panama's Copa Airlines and Copa Airlines Colombia (formerly Aero Republica), reported first-quarter net income of $94.5 million, more than double the $42.6 million earned in the year-ago period, as strong sales growth more than offset a near 50% rise in fuel expense. Excluding special items, the Panama-based airline said it would have reported net income of $82 million, a 30.9% increase over adjusted income of ...
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