Copa Holdings, parent of Panama's Copa Airlines and Colombia's AeroRepublica, reported first-quarter net income of $32.2 million, a 42.9% increase over the $22.6 million earned in the year-ago quarter and a record quarterly result for the company. "We continue to execute both operationally and financially," CEO Pedro Heilbron told analysts in a conference call. Copa noted that its April 2005 acquisition of AeroRepublica means year-over-year results are not directly comparable. Still, they ...

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