Copa Profits Down 66% in Second Quarter
In the second quarter of 2010, Copa Airlines recorded net income of $18.6 million, 66% less than in the same period of 2009 when it was $55.2 million.
Thursday, August 12, 2010
The company's total revenue increased 9.3% to $303 million and its capacity was also up 5%. However, its performance per passenger mile fell 2.5% to $0.152, largely due to lower prices in Venezuela and Colombia.
In the third quarter of 2012 Copa Airlines earned $112 million in revenues, 24.5% more than in the same period last year.
Between January and September 2008 the number of passengers that traveled grew 15.1% compared to the same period in the previous year.
In the first five months of 2013, the airline carried 5.8 million passengers, representing an increase of 20% compared with the same period last year.
The company reported a reduction in earnings for the third quarter due to the rise in fuel prices, but its income continue with strong growth.
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