Category Archives: AeroRepublica

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.

Copa Holdings reports 1Q net income of $36.7 million

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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.