Copa Holdings posts $212.5M Q1 profit as Copa Airlines holds capacity targets despite delivery delays and higher fuel prices
Copa Airlines reported $212.5 million in first-quarter net profit (up 20.2% year over year), with a 24.6% operating margin and 91.6% on-time performance. The carrier said it is sticking to prior capacity-growth targets even as aircraft delivery delays constrained capacity and jet-fuel prices spiked.