Copa Holdings has reported a net profit of US$28.1 million for the quarter or US$0.66 per share.  Excluding special items, the company would have reported a net loss of US$16.2 million or US$0.38 per share.  Special items include a US$33.9 million unrealized mark-to-market gain related to Copa’s convertible notes and a passenger revenue adjustment of US$10.4 million related to 2019 and 2020 sales. Copa reported an operating profit of US$8.7 million for the quarter. Excluding the US$10.4 million passenger revenue adjustment, the company would have reported an operating loss of US$1.7 million. Copa ended the quarter with US$1.6 billion of available liquidity,

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