The holding company for Copa Airlines and Wingo said revenue and operating margin were hurt by the last-minute suspension of flights between Panama and Venezuela at the end of July, weaker currencies in Latin America and increased industry capacity in the region.

Adjusted earnings per basic share declined to $3.50 from $4.39.

Copa expects 2024 capacity growth of about 9%, and expects an increase of about 7% to 9% in 2025.

Write to Josh Beckerman at [email protected]