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.

Copa also registerd a non-operating loss of $8.6 million related to fuel price hedge contracts.

More on this topic

Copa Airlines Carries 20% More Passengers

June 2013

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.

If the trend continues, the company will exceed its estimated 11 million passengers scheduled for this 2013. Copa Holdings, owner of the shares of the Panamanian airline Copa Airlines reported that its transport capacity has increased by 19%.

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 traffic increases 15%

January 2009

Between January and September 2008 the number of passengers that traveled grew 15.1% compared to the same period in the previous year.

According to, "the airline moved 2.07 million passengers via the Tocumen airport, 273 thousand more than the previous year.

The airport statics report by Tocumen S.A. for the third quarter provides data for passengers that travel to Panama on all the airlines.

Copa Airlines has solid financial program

December 2008

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.

The global panorama for the transit of passengers does not look good for the global airline industry.

In October, the movement of international passengers dropped 1.3% compared to the same month last year, according to the International Air Transport Association (IATA).

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Copa Airlines

Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama.
Phone: (506) 2221 0724

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