Copa Holdings reported net income of US$41.3 million for 2Q11. Excluding special items, Copa Holdings would have reported an adjusted net income of $56.6 millionĀ a 52.9% increase over adjusted net income of $37.0 millionĀ for 2Q10. Operating income for 2Q11 came in at $75.4 million, a 72.6% increase over operating income of $43.7 million in 2Q10. Ā Operating margin for the period came in at 17.6%, compared to 14.4% in 2Q10, despite a 38.1% increase in the effective price of jet fuel.Ā Total revenues increased 40.9% to $428.5 million, significantly outpacing a strong capacity expansion.
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Tamar Jorssen
Vice President Sales & Marketing
+1.778.213.8543
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Richmond, BC V6X 3M1
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[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada