Panama City-based Copa Holdings reported $102.3 million net profit for the first quarter of 2017, down 11.4% from $115.5 million net income for 1Q 2016. Copa Holdings—the parent company of Panama’s Copa Airlines and Copa Airlines Colombia—said the first-quarter results reflect improving demand trends combined with continued cost discipline. The company said higher load factors and yields were behind revenue growth and margin expansion seen during the quarter, as compared ...

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