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08-Aug-2011 12:17 AM

Copa reports record 2Q profit, upgrades forecast on strong intra-Latin America demand

Analysis

Copa has reported record second quarter earnings as strong demand in Latin America fuelled increases in yield and load factor that were sufficient to offset rising oil prices. The Panama-based airline group remains bullish on its prospects for the rest of 2011 and beyond as economic conditions in its markets remain favourable. As a result, Copa expects to continue posting industry-leading operating margins of about 20% even as capacity grows at a clip exceeding 20%.

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