PANAMA CITY (AP) _ Copa Holdings SA (CPA) on Wednesday reported first-quarter profit of $74.3 million.
On a per-share basis, the Panama City-based company said it had profit of $1.75.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.56 per share.
The holding company for Panama's national airline posted revenue of $595.5 million in the period.
Copa Holdings shares have fallen 63% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $39.95, a fall of 52% in the last 12 months.