Copa closes Q3 with net profit of $115.9 million

Copa Holdings, the owner of Copa Airlines and Wingo, reported a net profit of $115.9 million for the third quarter in 2022, following a 14.3% rise in total revenues compared to the same period in 2019, prior to the COVID-19 pandemic. The Group reported an operating profit of $143.7 million and fully recovered its pre-pandemic capacity in Q3 by reporting an average load factor of 86.8% on its flights. The Group posted an increase of 14.3% in the total revenue for the quarter compared to 2019 levels when the revenue was $809.4 million.  Passenger revenue was 13% higher, while cargo revenue was 80.2%