Copa Holdings reported net income of $94.4 million for 1Q11. Excluding special items, Copa Holdings would have reported an adjusted net income of $82.0 million a 30.9% increase over adjusted net income of $62.7 million for 1Q10. Operating income for 1Q11 came in at $101.0 million, a 29.2% increase over operating income of $78.1 million in 1Q10. Operating margin for the period came in at 23.9%, compared to 23.0% in 1Q10, despite a 24% increase in the effective price of jet fuel. Total revenues increased 24.7% to $423.1 million, outpacing a strong capacity expansion.
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Tamar Jorssen
Vice President Sales & Marketing
+1.778.213.8543
[email protected]
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Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada
[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada