Copa Holdings reports a 2Q net profit of $18.6 million

Copa Holdings, S.A. (Panama City), parent company of Copa Airlines (Panama City) and AeroRepublica (Bogota), announced financial results for the second quarter of 2010 (2Q10).

Copa Holdings reported net income of US$18.6 million for 2Q10, or earnings per share (EPS) of US$0.42. Excluding special items, Copa Holdings would have reported an adjusted net income of $26.3 million, or $0.60 per share, compared to an adjusted net income of US$28.1 million or US$0.64 per share for 2Q09.

Copyright Photo: Bruce Drum. Copa Airlines’ Boeing 737-7V3 HP-1377CMP (msn 30462) taxies to the gate at Miami.