Copa Holdings Q4 Profit Rises - Quick Facts

(RTTNews) - Copa Holdings, S.A. (CPA) reported that its fourth-quarter net income increased to $113.9 million or $2.57 per share, from $86.6 million or $1.95 per share, last year. The results for the quarter includes a non-cash impairment charge of $31.2 million on Intangible Assets booked in 2005 related to the acquisition of AeroRepublica (now Copa Colombia) and a non-cash gain of $2.6 million associated with the mark-to-market of fuel hedge contracts. Excluding special items, adjusted net income was $142.5 million or $3.21 per share, for the quarter.

On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $2.57 for the quarter. Analysts' estimates typically exclude special items.

Total revenues increased 16.3% to $697.8 million. Analysts expected revenue of $674.47 million for the quarter.