Panama-based Copa Holdings posted a second-quarter 2018 net profit of $49.9 million, down 15% from $58.6 million in 2Q 2017. The results reflect the combined effects of rising fuel costs, weakened currencies in Brazil and Argentina, and a 90-day halt on all Copa flights to Caracas, Venezuela, the company stated. Copa is the parent of Copa Airlines and Copa Airlines Colombia. It also operates Wingo-branded ultra-LCC flights out of Colombia. The company reported $634.1 million in ...

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