Copa Airlines reports increased net profit during Q3 2019 results

Panama’s flag carrier Copa has reported net profit of $104 million during the first quarter of 2019, up from the $58 million posted during the same period a year ago.  Operating profit for the quarter came in at $133 million, representing a near 71% increase from an operating profit of $78 million in 3Q18.   Total revenues during Q3 2019 increased 5.3% to $708 million. Operating margin for the third quarter of 2019 came in at 18.8%, 7.2 percentage points higher than the 11.6% generated in the corresponding period last year.  Despite the operational challenges presented by the grounding of its Boeing MAX fleet, Copa Airlines delivered an on-time