During this time, many of the company’s most important markets — in particular, Venezuela, Colombia and Brazil — have suffered from weak economies and currency devaluations that caused demand for Copa’s fares to drop precipitously. However, the company’s third quarter earnings report left many investors feeling much better about the airline’s prospects heading into 2017, with CEO Pedro Heilbron remarking: Duringthis third quarter, we saw a clear improvement versus 2015 and the first half of 2016, and believe that the worst is behind us.