Copa Holdings Increases Profits 46%

Copa Holdings S.A., a holding company of Copa Airlines y Aero República, gained $51.9 in the fourth quarter of 2008, 46.1% more than the same period of 2007.

Friday, February 20, 2009

The operating revenue of the business, which lists in the New York Stock Exchange under the ticker CPA, were $84 million -an increase of 95.5% in comparison with $43 million obtained in the last quarter of 2007.

In a press release, the business also reported that, during the same period, it acquired 2 Embraer 190 airplanes and maintains a solid position with $408 millions in cash and short-term investments.



More on this topic

Copa's Passenger Traffic Up 18.9%

September 2013

Between January and August this year, the Panamanian airline transported 9.6 million passengers, an increase of 18.9% compared to the same period in 2012.

Prensa.com reports: "The subsidiary of Copa Holdings reported an occupancy factor of 76.8% through August, exceeding the 75.6% reported for the same date in 2012."

Prosperity of the Region's Air Industry

November 2012

In the third quarter of 2012 Copa Airlines earned $112 million in revenues, 24.5% more than in the same period last year.

These figures are better than its competitor in the region, Avianca-Taca, whose profits for the third quarter were $56 million.

A statement of Copa Holdings:

Copa Profits Down 66% in Second Quarter

August 2010

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.

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.

Copa Holdings is one the sectors most profitable

August 2008

Copa Holdings earned $30.4 million in the second trimester of 2008, 1.5% less than recorded earnings for the same period in 2007.

The management of the company, which holds Copa Airlines and AeroRepublica, was very satisfied with the figures.
The company "has remained one of the most profitable airline companies on the planet," management pointed out.

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