Copa reports second quarter net loss 

Copa, which has been in hibernation for the second quarter, has posted a net loss of US$386.0 million or (US$9.08) per share. Excluding special items, the company would have reported a net loss of US$114.6 million. Those special items include a US$186.8 million non-cash impairment charge on the 737-700 fleet as a result of the company´s announcement to sell those aircraft, a US$50.0 million loss expected on assets held for sale (Embraer aircraft, spare engines, spare parts and a simulator), a US$22.2 million unrealised loss on the mark-to-market of the convertible notes, and a US$12.3 million reversal for unredeemed tickets