Copa Airlines and Aero Republica parent Copa Holdings reported a $71.6 million profit in the first quarter, up an impressive 81.3% from the $39.5 million earned in the year-ago period. Operating revenue climbed 4.3% year-over-year to $308.8 million but unit cost fell 16% to 9.9 cents and 11% to 6.8 cents excluding fuel. Operating income of $68.9 million was a 33.3% improvement over the $51.7 million reported last year. Copa said it recorded both a $16.2 million noncash gain and a $19.9 ...

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