Copa Airlines and Aero Republica parent Copa Holdings posted a $152.2 million profit in 2008, down 6% from the $161.1 million reported in 2007 as a result of a $20.2 million write-down in the value of its fuel hedges. Nearly all metrics improved on the operational front. The Panamanian company enjoyed a 25.5% year-over-year surge in revenue to $1.29 billion and a 13.4% rise in operating income to $224 million from $197.5 million in 2007. Traffic rose 14.6% to 6.72 billion RPMs against an ...

Subscribe to Access this Entire Article

"Slight full-year profit drop belies Copa's strength" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.