Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

Avianca Holdings S.A. Earns a Net Income of USD$ 75.3 Million

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/16/2013 | 07:10pm CET

These results correspond to the company's first report under International Financial Reporting Standards (IFRS)*

During the first quarter of 2013, Avianca Holdings S.A. (BVC: PFAVTA) reported operating income of USD$ 1.11 billion. This is equivalent to an increase of 6.0% with respect to the same period of 2012.

Operating income came in at USD$ 108.1 million, a 31% increase over the same period of 2012. On the other hand, the EBITDAR (earnings before interest, tax, depreciation, amortization and aircraft rentals) recorded for the period was USD$ 205.2 million, a 14.3% increase over the same period of 2012.

Net income for the first quarter of 2013 rose to USD$ 75.3 million, an increase of more than USD$ 75 million over the profit recorded for the same period in 2012.

As a result of the growth and consolidation strategy of the Company´s main connecting hubs (Bogota, Lima and San Salvador), along with the increase in additional flights on existing high density routes in South America (Sao Paulo) and Europe (Madrid), capacity measured in ASK (Available Seats per Kilometer) increased 5.4% while passenger traffic measured in RPK´s (Revenue Passenger Kilometers) climbed 7.8%, and the Load Factor increased to 80.8%. The cost per available seat kilometer, excluding fuel costs (CASK ex Fuel), declined by 1.85%.

In compliance with the fleet renovation and modernization plan, between January and March 2013, four aircraft were incorporated into the fleet: one (1) Airbus A330, two (2) Airbus A320 (one of which is equipped with sharklets), and one (1) Airbus A330F, all of which are already in operation.

*These numbers are expressed in USD as the functional currency under International Financial Reporting Standards

The original source-language text of this announcement is the official, authoritative version. Translations are provided as an accommodation only, and should be cross-referenced with the source-language text, which is the only version of the text intended to have legal effect.

About Avianca Holdings S.A. Avianca Holdings S.A. (BVC:PFAVTA) is an investment firm that serves as an instrument for the execution of the shareholders agreement which resulted in the integration process known as AviancaTaca and acts as the controlling company for the integrated operation of various airlines that operate both domestically and internationally: Aerovías del Continente Americano S.A. Avianca (Avianca), Tampa Cargo S.A. incorporated in Colombia, Aerolíneas Galápagos S.A. Aerogal incorporated in Ecuador, and the companies that make up the TACA Group: TACA Internacional Airlines S.A, incorporated in El Salvador; Líneas Aéreas Costarricenses S.A, LACSA, incorporated in Costa Rica, Trans American Airlines S.A. TACA Peru incorporated in Peru, Servicios Aéreos Nacionales S.A., SANSA incorporated in Costa Rica, Aerotaxis La Costeña S.A, incoporated in Nicaragua and Isleña de Inversiones C.A. de C.V. ISLE?'A incorporated in Honduras.

Avianca Holdings S.A.
Press Information:
Gilma Úsuga, (57+1) 587 77 00 ext. 2246
gilma.usuga@avianca.com; janeth.benitez@avianca.com
or
Claudia Arenas, (50+2) 2279-5700 - (502) 2279-5600
claudia.arenas@avianca.com
or
Investor Relations
Andrés Felipe Ruíz Vesga, (57 +1) 587 77 00 ext. 2474
andres.ruiz@avianca.com


© Business Wire 2013
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news
Date Title
01:45p ILIAD : Roaming from New Zealand now included in the Free Mobile Plan
01:43p RAYTHEON : MILITARY $34.26 Million Federal Contract Awarded to Raytheon
01:43p BOEING : MILITARY $24.94 Million Federal Contract Awarded to Boeing
01:36p SAVS BANK : Savings Bank invites the community to assist local Christmas efforts
01:35p PR NO. 104 ISLAMABAD : December 10, 2016
01:33p SAMSUNG ELECTRONICS : Cellairis Mobile Device Repair Services Now Available Inside Pearland Walmart
01:33p CENTERPOINT ENERGY : Thousands without natural gas service on Houston`s south side
01:33p Ward Ferry Management BVI Ltd Has $66,841,000 Stake in MakeMyTrip Ltd.
01:33p AT&T : 5G Wireless Development Moves Forward with AT&T and Intel at the Helm
01:33p RICE ENERGY : Wants to Supply Ohio NatGas Customers Directly
Latest news
Advertisement
Hot News 
-18.13%RESTORATION HARDWARE : Hit by Business-Model Changes
6.25%GEMALTO : 3M to sell identity management business to Gemalto
1.99%BANK OF CHINA : Leads Bailout of Troubled Steel Trader
4.83%France's Elior eyes further profit, sales growth
-7.04%Macau eases gambling crackdown concerns after casino shares tumble
Most Read News
03:26a TWENTY FIRST CENTURY FOX : Murdoch's Twenty-First Century Fox bids $14 billion for Sky
12/09 Aetna CEO defends merger with Humana in antitrust trial
12/09DJDOW CHEMICAL : Trump Names Dow Chemical CEO Andrew Liveris to Lead Manufacturing Council
03:47a EXXON MOBIL : CEO is now Trump's secretary of state favorite - transition official
12/09 HON HAI PRECISION INDUSTRY : Taiwan's Hon Hai, Japan's Sharp jointly eye major LCD plant in China
Most recommended articles
07:15aDJVODAFONE : For Vodafone, Being No. 2 Could Be Best
06:50a Murdoch's new Sky bid should be probed says former UK minister
06:22aDJVOLKSWAGEN : FTC Alleges Volkswagen Erased or Lost 23 Mobile Phones of Key Employees -- Update
03:47a EXXON MOBIL : CEO is now Trump's secretary of state favorite - transition official
02:49aDJA Refresh at Coke's Helm As Quincey Is Named CEO -- WSJ