Copa Holdings reports net income of $71.6 million

Copa Holdings, S.A., parent company of Copa Airlines and Aero Republica, announced financial results for the first quarter of 2009. The following financial and operating information, unless otherwise indicated, is presented in accordance with U.S. GAAP. Unless otherwise stated, all comparisons with prior periods refer to the first quarter of 2008. Copa Holdings reported net income of $71.6 million for 1Q09, or diluted earnings per share (EPS) of $1.65, an increase of 81.3% as compared to net income of $39.5 million or diluted EPS of $0.91 in 1Q08.