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
*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.
(57+1) 587 77 00 ext. 2246
Arenas, (50+2) 2279-5700 - (502) 2279-5600
Andrés Felipe Ruíz Vesga, (57 +1) 587 77 00 ext. 2474