Please click on the AG icon for a direct link to the Copa Airlines photo gallery.

Copa Holdings, S.A. (Panama City), parent company of Copa Airlines and AeroRepublica, reported net income of $36.7 million (US) for the first quarter, or diluted earnings per share (EPS) of $0.84. Excluding special items, which for 1Q10 included a $19.8 million charge related to the devaluation of the Venezuelan currency and a $0.4 million non-cash charge associated with the mark-to-market of fuel hedge contracts, Copa Holdings would have reported an adjusted net income of $56.9 million, or $1.29 per share, compared to an adjusted net income of $55.5 million or $1.26 per share for 1Q09.