Copa Airlines still expected to join Star Alliance
The head of Copa Airlines said that it still expected to join the Star global marketing pact "soon", despite a delay that comes amid jostling for position in Latin America by the three alliances that dominate the industry.
Copa has turned its Panama hub into a profitable fortress linking cities in North, South and Central America that had no connections a decade ago, and a useful addition to the Star pact led by United Continental and Lufthansa.
Copa shares soared following a rise in first-quarter profit, and were recently up 8.8 percent at $84.03, just shy of an all-time high reached earlier in the session.
Source: Dow Jones