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Airline Finance News - Latin America / Caribbean.

For more airline finance news, data and analysis, please go to: http://www.airguideonline.com/professional.htm Aug 21, 2006

Copa Airlines

Copa Airlines profits continue ascent despite AeroRepublica's 'low point'. Copa Holdings, parent of Panama's Copa Airlines and Colombia's AeroRepublica, reported second-quarter net income of $22.9 million, up 51.3% over $15.1 million earned in the year-ago quarter, on a 39.4% jump in revenues to $191.5 million attributable in large part to Copa's acquisition of AeroRepublica last year that also contributed to hefty increases in traffic and capacity. The results continue a string of positive quarters for the company, which produced rising profits in both 2004 and 2005 and record quarterly income in the first quarter. They are all the more impressive considering that AeroRepublica lost $7.1 million in the most recent quarter. Aug 17, 2006

Copa[sup.1]s operating income for the quarter rose 40.3% to $28.5 million as yield increased 9% to 15.8 cents, the fifth consecutive quarter of yield growth, and RASM lifted 8.1% to 11.7 cents. "We expect yields to remain healthy and steady," Heilbron said. Load factor improved 0.5 point to 69.7% as RPMs jumped 29.9% to 1.14 billion and capacity grew 29% to 1.63 billion ASMs. CASM rose 8% to 10 cents but CASM excluding fuel was unchanged at 6.7 cents. Aug 17, 2006

Copa Airlines flew 372.9 million RPMs in July, a 14.2% increase over the year-ago month. Capacity rose 12.1% to 449.3 million ASMs and load factor was up 1.5 points to 83%. Aug 14, 2006

LAN Airlines

LAN Airlines reported a 4.7% increase in July system traffic and a 6.9% rise in capacity that dropped load factor 1.6 points to 77.5%. Aug 14, 2006
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Publication:Airguide Online
Geographic Code:2PANA
Date:Aug 21, 2006
Words:310
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