Copa Holdings reports net income of $41.3 million (US) for the second quarter of 2011

Copa Holdings (Panama City) reported net income of $41.3 million (US) for the second quarter (2Q11), or diluted earnings per share (EPS) of US$0.93. Excluding special items, Copa Holdings would have reported an adjusted net income of $56.6 million, or $1.28 per share, a 52.9% increase over adjusted net income of US$37.0 million and US$0.84 per share for 2Q10.

During the second quarter, Copa Airlines took delivery of one Boeing 737-800 aircraft. As a result, Copa Holdings ended the quarter with a consolidated fleet of 66 aircraft. During the second half of 2011, Copa Airlines expects to take delivery of an additional seven Boeing 737-800 aircraft to end the year with a consolidated fleet of 73 aircraft.

Copa Holdings’ operating subsidiaries are Copa Airlines (Panama) and Copa Airlines Colombia.

Copa Airlines Slide Show: CLICK HERE

Copyright Photo: Bruce Drum. Please click on the photo for the aircraft information.