Category Archives: Copa Airlines Colombia

Copa Holdings reports net income of $70.3 million for the third quarter

Copa Holdings, S.A. (Panama City) announced its financial results for the third quarter.

Copa Holdings reported net income of $70.3 million for 3Q11, or diluted earnings per share (EPS) of US$1.59. Excluding special items, Copa Holdings would have reported an adjusted net income of $90.1 million, or $2.03 per share, a 44.3% increase over adjusted net income of $62.5 million and US$1.42 per share for 3Q10.

Copyright Photo: Bruce Drum.

Copa Airlines Slide Show: CLICK HERE

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.

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.

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

Copa Airlines Slide Show: CLICK HERE

Copa Holdings has a profitable fourth quarter and 2010

Copa Holdings (parent company of Copa Airlines and Copa Airlines Colombia) (Panama City) reported net income of US$92.8 million for 4Q10 or earnings per share (EPS) of US$2.11, as compared to net income of US$ 70.4 million or EPS of US$1.60 in 4Q09. Excluding special items, Copa Holdings reported an adjusted net income of US$81.2 million, representing a 23.7% increase over adjusted net income of US$65.7 million in 4Q09.

Net income for full year 2010 reached US$212.1 million or EPS of US$4.82, compared to US$240.4 million or EPS of US$5.47 for full year 2009. Excluding special items, however, Copa Holdings reported an adjusted net income of US$219.2 million compared to US$201.7 for full year 2009, representing an increase of 8.7%.

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

Copa Holdings 3Q profits rises by 48%

Copa Holdings, S.A. (Panama City), parent company of Copa Airlines (Panama) and Copa Airlines Colombia, reported net income of $63.9 million for the third quarter, or earnings per share (EPS) of $1.45. Excluding special items, Copa Holdings would have reported an adjusted net income of $54.9 million, or $1.25 per share, compared to an adjusted net income of $52.5 million or $1.20 per share for 3Q09.

Copyright Photo: Nick Dean. Please click on this photo for additional information about this new aircraft and fleet details.