Copa Holdings—parent company of Panama-based Copa Airlines and Copa Airlines Colombia—reported 2015 net profit of $185.4 million, down 49% compared to 2014. Full-year revenue was down 16.8% to $2.25 billion while expenses fell 9.2% to $1.98 billion, producing an operating income of $266.1 million, down 49%. Fourth-quarter 2015 net profits were $1.9 million, down 92.6% from the same period in 2014, on revenues of $533 million, which were down 19%. Fourth-quarter operating ...

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