Copa Holdings net profit down 49% in 2015
Copa Holdings—parent company of Copa Airlines and Copa Airlines Colombia—reported 2015 net profit of US$185.4m, down 49% compared to 2014. Full-year revenue was down 16.8% to $2.25b while expenses fell 9.2% to $1.98b, producing an operating income of $266.1m, down 49%. Q4 2015 net profits were $1.9m, down 92.6% from the same period in 2014, on revenues of $533m, which were down 19%. Q4 operating expenses fell 10.7% to $494m and operating income dropped 61.6% to $39.1m. Copa reported full-year operating margins of 11.8% and forecast operating margins this year of 11%-13%. Copa Airlines’ results continue to be dragged down by macroeconomic weaknesses in some of its largest markets, a situation the carrier does not expect to improve in the first half of this year. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-02-24/star/copa-holdings-net-profit-down-49-in-2015
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Copa Holdings net profit down 49% in 2015
Copa Holdings—parent company of Copa Airlines and Copa Airlines Colombia—reported 2015 net profit of US$185.4m, down 49% compared to 2014. Full-year revenue was down 16.8% to $2.25b while expenses fell 9.2% to $1.98b, producing an operating income of $266.1m, down 49%. Q4 2015 net profits were $1.9m, down 92.6% from the same period in 2014, on revenues of $533m, which were down 19%. Q4 operating expenses fell 10.7% to $494m and operating income dropped 61.6% to $39.1m. Copa reported full-year operating margins of 11.8% and forecast operating margins this year of 11%-13%. Copa Airlines’ results continue to be dragged down by macroeconomic weaknesses in some of its largest markets, a situation the carrier does not expect to improve in the first half of this year. <br/>
