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Copa Airlines still expected to join Star Alliance

Friday, May 11, 2012

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