Copa Holdings reports Q4 2018 results

Copa Holdings reported a net loss of $156.0 million for 4Q18 or a loss per share of $3.67, as compared to net profit of $101.4 million or earnings per share of $2.39 in 4Q17. Excluding special items, which include a one-time, non-cash fleet impairment charge of $188.6 million, and a noncash $11.4 million-dollar loss associated with foreign currency, Copa would have reported a net profit of $44.0 million, or adjusted EPS of US$1.04, compared to an adjusted net profit of $89.5 million or adjusted EPS of US$2.11 in 4Q17. In 4Q18, Copa had an operating loss of $129.7 million. Total