(MENAFN - Newsroom Panama) Copa Holdings reported revenues of $158.6 million in the fourth quarter of 2020 far from the $681 million in the same period in 2019 but a huge improvement compared to the $32 million obtained in the third quarter of 2020.
The $158.6 million surpassed the estimate of $ 155 million held by investors on Wall Street.
The company s shares closed at $77.56, but in subsequent operations, they had fallen $1.37% once the balance for the fourth 2020 was known.
Panama allowed the return of regular commercial flights on October 12, a situation that affected the finances of the air group that manages the operations of Copa Airlines and Wingo.