Copa Holdings—parent company of Panama-based Copa Airlines and Copa Airlines Colombia—posted a 2014 net profit of $371.4 million, a 13.1% drop from Copa’s 2013 net income of $427.5 million. Copa’s consolidated operating revenue for the year grew 4.3% year-over-year (YOY) to $2.72 billion as expenses rose 4.4% to $2.18 billion. Copa’s full-year operating profit was $538.1 million, up 4% YOY. Copa’s combined airline traffic grew 9.5% YOY in 2014 to 15.9 ...

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