Copa Holdings reports net income up for 4Q 2013

13 February 2014

Copa Holdings, S.A. (NYSE: CPA) said it has reported net income of USD113.9m for the fourth quarter of 2013, equal to earnings per share of USD2.57, as compared to net income of USD86.6m (EPS USD1.95) in the previous year´s fourth quarter.

Excluding special items, Copa Holdings would have reported adjusted net income of USD142.5m, compared to adjusted net income of USD89.3m 2012.

Net income for full year 2013 reached USD428.2m or EPS of USD9.64, compared to USD326.5m or EPS of USD7.35 for full year 2012. Excluding special items, Copa Holdings would have reported an adjusted net income of USD468.1m or EPS of USD10.54, compared to adjusted net income of USD336.1 or adjusted EPS of USD7.57 for full year 2012.

Copa Holdings is a leading Latin American provider of passenger and cargo services. The company, through its operating subsidiaries, provides service to 66 destinations in 29 countries in North, Central and South America and the Caribbean with one of the youngest and most modern fleets in the industry, consisting of 90 aircraft: 64 Boeing 737NG aircraft and 26 EMBRAER-190s. Its website is at www.copaair.com

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