Panama City-based Copa Holdings reported a net profit of $339.8 million for 2016, reversing the company’s $225 million net loss in 2015. Full-year 2016 revenue for the parent company of Panama-based Copa Airlines and Copa Airlines Colombia was $2.2 billion, down 1.3% from $2.3 billion in 2015. Operating expenses were down 2% to $1.9 billion, producing an operating income for the year of $276.6 million, up 4% from 2015. Copa reported full-year operating margins of 12.4%, which met its ...

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