Copa Holdings reports 32 percent increase in fourth-quarter net to $92.8 million

Copa Holdings, the parent company of Panamanian carrier Copa Airlines, reported a 32 percent increase in fourth-quarter profit.

New York-listed Copa reported net income of $92.8 million, or $2.11 per share.

"Consolidated passenger traffic grew 18.6 percent while capacity increased 19.6 percent," Copa said in a statement.

Original source: Reuters