Copa Holdings, parent of Panama's Copa Airlines and Colombia's Aero Republica, reported a first-quarter net profit of $48.6 million, up 50.5% over the $32.3 million posted in the year-ago period, on a 26.6% jump in revenue to $242.7 million. The record earnings were driven by the rapid growth of Copa Airlines, which continues to add capacity aggressively and expand a route network that will total 42 destinations by year end. CEO Pedro Heilbron pointed to Copa's "strength of network," saying, ...

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