Copa Holdings SA (CPA) posted third quarter net income of US$43.1 million or US$0.99 per share, compared to US$23.0 million or US$0.53 per share in the prior year quarter.
Third quarter 2009 results include a special charge of US$14.6 million related to the accrual of costs associated with the retirement of four MD-80 aircraft as a result of Aero Republica's transition to an all Embraer-190 fleet and a US$5.1 million non-cash gain associated with the mark-to-market of fuel hedge contracts. Excluding the impact of the special items, the company reported net income of US$52.6 million or US$1.20 per share.
On average, seven analysts polled by Thomson Reuters expected the company to report earnings of $1.00 per share. Analysts' estimates typically exclude special items.
Total revenues reached US$323.7 million, compared to US$349.0 million in the previous year period. Wall Street analysts expected revenues of $320.83 million.
Revenue passenger miles increased to 1.93 billion from 1.78 billion in last year. Available seat miles increased to 2.55 billion from 2.30 billion in the year-ago period. Consolidated load factor decreased 1.5 percentage points to 75.8%.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.