Panama's Copa Airlines posts $169m loss but reduces cash burn

Panama’s Copa Airlines on Wednesday reported a net loss of $169m for Q4, but said a mark-to-market loss on its convertible debt had added $80m in losses to its bottom line. Copa significantly reduced its cash burn during the quarter to $6m a month during the quarter, a key metric for airlines operating amid the pandemic. Cash consumption in Q3 was $36m a month. <br/>