Mark Nensel is the Managing Editor of Aviation Daily. Prior to taking the helm of daily production of Aviation Week's commercial aviation newsletter in 2018, Mark was a reporter and data analyst for Air Transport World.
Panama-based Copa Holdings posted a second-quarter 2018 net profit of $49.9 million, down 15% from $58.6 million in 2Q 2017, on the combined effects of rising fuel costs, weakened currencies in Brazil and Argentina, and a 90-day halt on all Copa flights to Caracas, Venezuela.
The predicted slowdown of the global air freight market became a clear trend in June, as year-over-year (YOY) growth in the total air cargo market slowed to 2.7%, about half the five-year average growth rate (5.1%), according to IATA’s June Air Freight Market Analysis.
