Copa Holdings reports a net profit of $94.4 million in the first quarter

Copa Holdings (Panama City) reported net income of $94.4 million (US) for 1Q11, or diluted earnings per share (EPS) of $2.14 (US). Excluding special items, Copa Holdings would have reported an adjusted net income of $82.0 million, or $1.86 per share, a 30.9% increase over adjusted net income of US$62.7 million and $1.42 (US) per share for 1Q10.

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