Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

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

05/16/2013 | 01:10pm US/Eastern

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
React to this article
Latest news
Date Title
04:29a Apple's glass provider takes crown as China's richest woman
04:26a IP : Frontier IP Group plc - Half year results for the six months to 31 December 2014
04:26a SAVILLS : Santander banks on One Cornwall Street, Birmingham
04:26a ASSECO POLAND : Convening of the Ordinary General Meeting of Shareholders of Asseco Poland S.A.
04:26a INTRALOT : Announces 2014 full year results: revenues exceed €1.85 billion 17.3% cash flow increase
04:26a INTERNETQ : Confident For Growth In 2015 As 2014 Pretax Profit Rises
04:26a GFK : releases new digital maps for 16 countries in North and South America
04:26a RESEARCH AND MARKETS : Big Data in Aging and Age-related Diseases - 2015 Industry Overview
04:24a RCI BANQUE : 2014 ANNUAL REPORT now available
04:23a NEDBANK : Iolanda Ruggiero Appointed as Nedbank Wealth Managing Executive
Latest news
Advertisement
Hot News 
BERKELEY MINERAL RESOURCES : Progress Update
SHI WANG : Ergomed Opens Office in Taiwan
SERABI GOLD : Audited Results for the year ended 31 December 2014
MR BRICOLAGE : Profile: veronique laury
YOOX : and The Net-A-Porter Group to merge
Most Read News
03/30DJANGANG STEEL : Declines In First-Quarter Net Profit
03/30 DUKE ENERGY : contributes to energy storage research (BRIEF)
03/30 SAN GOLD : Reports 2014 Annual and Fourth Quarter Results
03:18a Philips sells 80.1 pct of lighting components unit for $2.8 billion
03/30DJCHINA COMMUNICATIONS CONSTRUCTION LT : Plans to Spin off Dredging Business
Most recommended articles
04:20a Kingfisher helps put FTSE on track for biggest quarterly rise in two years
04:16a BAOSHAN IRON & STEEL : China Baosteel executive under investigation for corruption
04:16aDJDollar Rises Ahead of U.S. Data
04:14a German unemployment rate hits new record low in March
04:05aDJFrench February PPI +0.7 on Month, -2.6% on Year
Dynamic quotes  
ON
| OFF