Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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
07:46a RED HAT : Fireworks shows abound in Triangle
07:43a KATAHDN BKSHS : Now what? After anti-park votes, a crossroads in the Katahdin region
07:35a Germany's Heckler & Koch goes to court over alleged gun faults
07:26a ACHAOGEN : $4.5 Million Federal Contract Awarded to Achaogen
07:26a VMWARE : $48,687 Federal Contract Awarded to August Schell Enterprises
07:26a LEIDOS : MILITARY $25.57 Million Federal Contract Awarded to Leidos
07:26a PD RX PHA : $4 million Federal Contract Awarded to PD-RX Pharmaceuticals
07:26a TOYOTA MOTOR : MILITARY $50,182 Federal Contract Awarded to Toyota Motor
07:26a GENERAL ENGINEERING PUBLIC : $51,058 Federal Contract Awarded to Steven R. Rodgers General Engineering & Building Contractor
07:26a AGC NETWORKS : $73,147 Federal Contract Awarded to Avaya Federal Solutions
Latest news
Advertisement
Hot News 
NATERA : Nasdaq: NTRA) to Ring The Nasdaq Stock Market Opening Bell in Celebration of IPO
UBISENSE : Hit By Contract Delays, To Restructure Operations
OUTSOURCERY : New Debt Facilities from Vodafone
STADIUM : Trading In Line With China Facility Relocation On Track
ATARI : Last E.T. cartridges up for sale on eBay
Most Read News
07:11a CREDIT SUISSE CEO VOWS ACTION FOR 'IMPATIENT' INVESTORS : Nzz
07/03 HALLIBURTON : bribery scandal: $26.5 million plea bargain money missing
07/03DJRivals Lurked Behind Aetna's Deal With Humana
07/03 K ELECTRIC : Power woes: Senate panel to probe casualties in Karachi
07/04 BEESTON ENTERPRISES : 7/7 Survivor Goes Back To Bombers' Hometown
Most recommended articles
07:35a Germany's Heckler & Koch goes to court over alleged gun faults
07:11a CREDIT SUISSE CEO VOWS ACTION FOR 'IMPATIENT' INVESTORS : Nzz
06:41aDJGreek, German Tensions Turn to Open Resentment
06:29aDJGreek, German Tensions Turn to Open Resentment
06:15a Insight - A Greek challenge for 'Mr Europe' Juncker