Copa Holdings SA reported consolidated traffic results for the fourth quarter ended December 31, 2012 and unaudited earnings results for the fourth quarter and full year ended December 31, 2012. For the period, the company reported revenue passengers carried was $1,899,000, RPM was 3,366 mm and ASM was 4,447 mm, and load factor 75.7%.

For the quarter, the company reported net income of $86,623,000 or $1.95 per basic and diluted share on total operating revenue was $599,839,000 against net income of $104,383,000 or $2.36 per basic and diluted share on total operating revenue was $509,449,000 a year ago. Operating income was $104,269,000 compared to $111,506,000 a year ago. Interest income was $3,427,000 compared to $2,152,000 a year ago. Income before income taxes was $96,845,000 compared to $116,456,000 a year ago. Adjusted net income was $89,296,000 or $2.01 per basic and diluted share compared to $85,314,000 or $1.93 per basic and diluted share a year ago.

For the full year, the company reported net income of $326,476,000 or $7.35 per basic and diluted share on total operating revenue was $2,249,388,000 against net income of $310,425,000 or $6.98 per basic and diluted share on total operating revenue was $1,830,921,000 a year ago. Operating income was $402,535,000 compared to $384,985,000 a year ago. Interest income was $11,689,000 compared to $6,774,000 a year ago. Income before income taxes was $366,343,000 compared to $346,011,000 a year ago. Adjusted net income was $336,053,000 or $7.57 per basic and diluted share compared to $314,059,000 or $7.06 per basic and diluted share a year ago.

Effective March 15, 2013, and after 17 years of valuable service, the company's CFO, Mr. Victor Vial, will be resigning. Mr. Vial will continue to be involved with the company as an advisor to the Board of Directors. The company is currently undergoing a selection process to appoint a new CFO.