Copa Holdings, parent of Panama’s Copa Airlines and Copa Airlines Colombia (formerly Aero Republica) has posted first-quarter net income of $94.5 million, which is more than double the $42.6 million earned in the year-ago period. Strong sales growth has more than offset a 50% rise in fuel costs. Excluding special items, Copa would have reported net income of $82 million, a 30.9% increase over adjusted income of $62.7 million in the 2010 period. The company said results “were positively impacted by strong demand trends which resulted in a robust increase in passenger traffic and average fares.” Operating revenues rose 24.7%
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