Copa finishes a strong Q2 with $17.5 million net profit

Copa Holdings reported a net profit of $17.5 million, operating profit of $194.7 million and a 24.1% operating margin for second quarter (Q2) of 2023 as compared to an operating profit of $42.3 million and an operating margin of 6.1% in Q2 of 2022. Copa Holdings today announced financial results for the second quarter of 2023. Excluding special items comprised of the unrealized mark-to-market net loss of $137.0 million related to the company’s convertible notes, as well as changes in the value of financial investments, the company would have reported a net profit of $154.5 million or $3.92 per share. The Group reported an increase of 15.4% year over year while