Copa Holdings reports net income of US$113.8m for 1st quarter of 2013

Copa Holdings reported net income of US$113.8m for 1Q13, excluding special items, Copa Holdings would have reported an adjusted net income of $124.4, a 37.3% increase over adjusted net income of US$90.6mo for 1Q12. Operating income for 1Q13 came in at US$142.6m, a 27.9% increase over operating income of US$111.6m in 1Q12. Operating margin for the period came in at 22.2%, compared to 20.5% in 1Q12, as a result of lower unit costs. Total revenues increased 18.0% to US$641.3m.