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

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 CEST

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
01:56p HIGHWOODS PROPERTIES : Research Reports Initiation on REIT Stocks -- Digital Realty Trust, Hudson Pacific Properties, New York REIT, and Highwoods Properties
01:56p Magnetar Financial (UK) LLP - Form 8.3 - Fleetmatics Group Plc
01:56pDJRobot Babies Not Effective Birth Control, Study Finds
01:54p M P EVANS : Notice of Results
01:54p BAOFENG MODERN INTERNATIONAL LIMI : Announcements and Notices - Clarification Announcement
01:54p UNOV UNITED NATIONS OFFICE AT WIEN : UNIDO and Japan External Trade Organization to jointly support developing countries on path of inclusive and sustainable industrialization
01:54p UNIDO UNITED NATIONS INDUSTRIAL DEVELOPMENT ORGA : and Japan External Trade Organization to jointly support developing countries on path of inclusive and sustainable industrialization
01:54p SIF OLTENIA : Current Report - 26.08.2016
01:54p AGILE : Interim Results Announcement 2016
01:54pDJCorrection to Thailand's Trade Surplus Eases in July Update
Latest news
Advertisement
Hot News 
4.35%TATA MOTORS : India's Tata Motors first-quarter net profit halves on forex loss post-Brexit
-2.27%GfK majority owner denies considering stake sale
3.12%RESTAURANT : to sell or shut 33 sites
1.99%VOLKSWAGEN : to spend at least $1.2 billion to compensate U.S. dealers - sources
0.62%GROWTHPOINT (ASX : GOZ) talks FY16 results and outlook
Most Read News
05:50a Lotte vice chairman found dead amid probe; suicide suspected
08/25 VOLKSWAGEN : to spend at least $1.2 billion to compensate U.S. dealers - sources
08/25 APPLE : fixes security flaw after UAE dissident's iPhone targeted
05:35a GfK majority owner denies considering stake sale
08/25 GENERAL MOTORS : GM cleared in second U.S. verdict over crash blamed on ignition switch
Most recommended articles
07:52a CHINA EVERGRANDE : Hong Kong tribunal finds short seller Citron culpable of misconduct
07:52a Lactalis, French milk producers fail to reach price deal
07:43a TAKATA SHORTLISTS DAICEL, KKR, NINGBO, OTHERS IN RESCUE SEARCH : sources
07:42a STATOIL : No impact from Brexit on Norway gas exports to Britain - minister
07:36aDJBig Lots Posts Revenue Decline But Raises Forecast