Copa Holdings, parent company of Panama-based Copa Airlines and Copa Airlines Colombia, posted Q2 net income of $118.2 million, up 58.7% year-on-year, compared to the company’s $74.4 million net profit during Q2 2013.
Total revenue for the quarter was $673.6 million, up 13.8% year-on-year while expenses grew 9.7% to $542.4 million, producing an operating profit of $131.2 million, up 34.3% year-on-year.
Second-quarter consolidated traffic was up 12.7% to 3.92 billion RPMs on a 9.7% rise in capacity to 5.07 billion ASMs, producing a load factor of 77.3%, up 2% year-on-year. Copa’s consolidated number of passengers carried during the second-quarter came to 1.9 million, up 1.6% from the 1.86 million passengers carried during Q2 2013.
Yields grew 1.6% year-on-year to 16.6 cents as RASM increased 3.7% to 13.3 cents, and CASM stayed consistent at 10.7 cents. Copa’s fuel expenses for the second-quarter were $205.9 million, up 11.5% year-on-year.
Copa reports Q2 results
