Tag Archives: Copa Airlines

Copa Airlines to launch Panama City-Montego Bay

Copa Airlines Boeing 737-7V3 WL HP-1376CMP (msn 30497) MIA (Bruce Drum), originally uploaded by Airliners Gallery.

Copa Airlines (Panama City) is opening up a new route linking its Panama City hub and Montego Bay in Jamaica starting on December 11. The new route will be operated twice-weekly.

Copa Airlines Slide Show: CLICK HERE

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

Copa Airlines Boeing 737-7V3 WL HP-1377CMP (msn 30462) MIA (Bruce Drum), originally uploaded by Airliners Gallery.

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.

Copa Airlines Slide Show: CLICK HERE

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

Copa Airlines Boeing 737-7V3 WL HP-1527CMP (msn 30676) MIA (Bruce Drum), originally uploaded by Airliners Gallery.

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

Copa Airlines to expand its Panama City hub

Copa Airlines (Panama) Boeing 737-8V3 HP-1713CMP (msn 40890) PAE (Nick Dean), originally uploaded by Airliners Gallery.

Copa Airlines (Panama City) has announced expansion plans that include the addition of three new destinations in December – Chicago (O’Hare); Cucuta, Colombia; and Asuncion, Paraguay – bringing the airline’s total of new destinations in 2011 to seven. In addition, the airline announced it will expand operations at its Hub of the Americas in Panama City, Panama, on June 15, growing from four to six connecting banks, providing passengers with greater flight options, better schedules and more frequencies, thereby bolstering the Hub of the Americas’ leadership in the region.

In addition to the new destinations announced today, Copa begins service this month to Toronto, Canada; Porto Alegre and Brasilia, Brazil; and Nassau, Bahamas.

Copa Airlines Slide Show: CLICK HERE

Copa Airlines expanding route map from the PTY hub:

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

Copa Airlines Boeing 737-8V3 WL HP-1714CMP (msn 40891) MIA (Bruce Drum), originally uploaded by Airliners Gallery.

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.

Copa Airlines Slide Show: CLICK HERE

Copa Holdings secures financing for purchase of five Boeing 737-800s

Copa Airlines Boeing 737-8V3 WL HP-1534CMP (msn 35125) (visitpanama.com) CUN (Rurik Enriquez), originally uploaded by Airliners Gallery.

Copa Holdings, S.A. (Panama City) has announced that J.P. Morgan has been secured by Copa Airlines to provide Export-Import Bank of the United States (Ex-Im Bank) guaranteed funding for five 737-800 aircraft scheduled to be delivered in 2011.

The financing totals $178.5 million and includes 12-year financing terms at very competitive rates and will finance all direct Boeing purchases scheduled for delivery to Copa Airlines in 2011. J.P. Morgan will act as the sole arranger and facility agent for the Term Loan Facility, which is available on delivery of the aircraft on either a floating or fixed rate basis. COPA will also have the option to effect a conversion, subject to Ex-Im Bank’s approval, of the floating rate term facility into a fixed rate term facility.

Copa Airlines to add Brasilia on June 18

Copa Airlines Boeing 737-8V3 WL HP-1714CMP (msn 40891) MIA (Bruce Drum), originally uploaded by Airliners Gallery.

Copa Airlines (Panama City) on June 18 will begin nonstop service four times a week between Panama City, Panama, and Brasilia, the capital of Brazil. Brasilia will be Copa Airlines’ sixth Brazilian destination and its 56th destination overall.

The flight will operate four times a week, departing Panama at 6:32 p.m. (1832) on Mondays, Tuesdays, Thursdays, and Saturdays, and arriving in Brasilia at 2:40 a.m. (0240). The return flight will depart Brasilia at 5:41 a.m. (0541) on Tuesdays, Wednesdays, Fridays and Sundays, arriving in Panama at 9:48 a.m. (0948).

Copa Airlines will operate a Boeing 737-700 Next Generation aircraft on the flight.

A planned city inaugurated in 1960, Brasilia has a population of 2.2 million and the highest per capita income in the country. In addition to being the seat of government, the city offers numerous cultural attractions, including many museums, theaters, art galleries and parks, and festivals throughout the year, such as the Film Festival, Fashion Week, and Summer Music Festival. The city boasts 41 sports clubs, 14 shopping malls and more than 3,000 restaurants and bars. Visitors also can enjoy recreational activities at nearby Lake Paranoa.

Copa Airlines promotes the STOP OVER program to visit Panama

Copa Airlines Boeing 737-8V3 WL HP-1534CMP (msn 35125) (visitpanama.com) CUN (Rurik Enriquez), originally uploaded by Airliners Gallery.

Copa Airlines (Panama City) has aligned with the Panama Tourism Authority to promote the STOP OVER program for foreign in-transit visitors to also visit Panama. The airline has added special visitpanama.com sub-titles and logo to its Boeing 737-8V3 HP-1534CMP (msn 35125) pictured at Cancun.

Copa Airlines becomes the first airline in Latin America to take delivery of the new 737 Sky Interior

Copa Airlines Boeing 737-8V3 WL HP-1714CMP (msn 40891) MIA (Bruce Drum), originally uploaded by Airliners Gallery.

Copa Airlines (Panama City) (subsidiary of Copa Holdings, S.A.) yesterday (March 3) became the first airline in Latin America to take delivery of a Boeing Next-Generation 737 airplane with the new Boeing Sky Interior.

Copa’s new 737-800 with the Boeing Sky Interior is the first of 10 new 737-800s the airline will receive in 2011. Copa Airlines is only the eighth airline in the world to take delivery of the 737 Boeing Sky Interior.

Inspired by passenger research, the Boeing Sky Interior cabin design redefines the 737 travel experience from start to finish. Features include:

“Welcoming” entry: New cove lighting and curving architecture create a distinctive entry way. Passengers will sense a soft blue sky overhead simulated by light-emitting diode (LED) lighting and a more open cabin.
Increased baggage storage: Larger stowage bins allow passengers to store their luggage closer to their seats. The bins pivot up out of the way and their shape adds to the open feel of the cabin. With more bags stowed above, there is more leg room below.
Enhanced passenger service units: Service units feature a different look and more separation between the reading light switch and attendant call button, to reduce passenger confusion. The units also have an integrated speaker with improved sound quality and LED reading lights, which will reduce maintenance costs.
Modern decor: New, modern, sculpted sidewalls and window reveals direct the passengers’ eyes to the view outside the window, adding to the passenger’s thrilling sense of flying.
Modernized attendant controls: A modernized, touch-screen attendant panel increases functionality by accommodating all existing cabin controls and adding controls for the new cabin lighting.

Copa Airlines (Panama) Route Map. Copa is larger than most people realize, stretching from Toronto in Canada to Buenos Aires in Argentina, connecting through the “Hub of the Americas” in Panama City:

Copa Holdings has a profitable fourth quarter and 2010

Copa Airlines Boeing 737-7V3 WL HP-1527CMP (msn 30676) MIA (Bruce Drum), originally uploaded by Airliners Gallery.

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%.