Panama-based Copa Holdings posted a third-quarter 2018 net profit of $57.7 million, down 55% from $105.3 million in 3Q 2017. Profits for the Central American carrier were hurt by rising fuel costs and a deteriorating demand environment caused by economic and currency weakness in Brazil and Argentina. “We were not able to compensate for the additional fuel expense in the third quarter. We firmly believe this is a temporary situation and are confident in the long-term value and ...

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