The Wall Street Journal Reports that Copa Holdings Increased Profits

March 23, 2010

The Wall Street Journal Reports that Copa Holdings Increased Profits

The Wall Street Journal reported on February 10 that Panama's Copa Holdings (CPA) has posted a profit of US$70.4 million for the fourth quarter of 2009, which represents an increase of 172% over numbers for the same quarter a year ago. This earnings report, when coupled with the airlines’ planned US$600 million investment into fleet upgrades, shows the strength of Copa Airlines and is another driving factor for the Panamanian economy. Copa Airlines has a codeshare agreement with Continental Airlines benefiting passengers on both airlines for flights throughout the US and Central America.
Source: WSJ.com February 10, 2010

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