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
Latest news
Date Title
18m ago Real Madrid come from behind to beat Barcelona in Clasico classic
26m ago GENERAL MOTORS : Q3 2014 General Motors Company Earnings Conference Call
27m ago SAFARICOM : Taxes still a barrier to cheap cross-border calls
27m ago APPLE : blocking TCM Big App Store trademark ‘an absolute farce and misuse of process’
38m ago ARAB BANK : net profit grows by 10% to reach $614.2m
38m ago CHUN WO DEVELOPMENT : Hong Kong based company targets Abu Dhabi property market
38m ago COMMERCIAL BANK PJSC : International (CBI) reported a nine month net profit
38m ago SMART PARKING : Your complete Dubai parking guide
39m ago MARKS AND SPENCER : The Directory: Meet Jigsaw CEO Peter Ruis
39m ago AIR BERLIN : Abu Dhabi International Airport sees 24% increase in traffic for September 2014
Latest news
Advertisement
Hot News 
DIGITAL RIVER : Announces Agreement to be Acquired by Investor Group Led by Siris Capital Group for $26.00 per Share in Cash
EDREAMS ODIGEO : Statement responding to BA and Iberia statement
4IMPRINT : Full Year Expectations Underpinned By Strong Third Quarter
ATLANTIS RESOURCES : Raises GBP5.0 Million In Discounted Placing (ALLISS)
MERIT MEDICAL SYSTEMS : posts 3Q profit
Most Read News
1d ago MATSON : Shipping company pleads guilty in molasses spill
1d ago APPLE : Time for all Apple products to enter China
1d ago HEARTLAND EXPRESS : 2014 Q3 Earnings Release
14h ago PFIZER : Reports Vaccine Candidate Data
3h ago Deutsche Bank lawyer found dead by suicide in New York
Most recommended articles
3h ago Deutsche Bank lawyer found dead by suicide in New York
4h agoDJTHYSSENKRUPP : Denies in Talks to Sell Marine Systems to Rheinmetall
9h ago Russian government approves law to clamp down on offshore tax sheltering
9h ago Greybull Capital buys UK's Monarch
11h ago Areva-Siemens raises claim to $4.4 billion over Finnish reactor delays
Dynamic quotes  
ON
| OFF