Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  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
Claudia Arenas, (50+2) 2279-5700 - (502) 2279-5600
Investor Relations
Andrés Felipe Ruíz Vesga, (57 +1) 587 77 00 ext. 2474

© Business Wire 2013
React to this article
Latest news
Date Title
11:13p FEDEX : Two injured in head-on crash in Pott County
11:13p VALEO : names new CEO
11:10p Net Asset Value(s)
11:10p MAINFREIGHT : Trans-Pacific Partnership | October 2015
11:10p THAI UNION PCL : Joins Hands with MWRN to Promote Migrant Worker Rights in Thai Facilities
11:07p MICROSOFT : Cybersecurity experts urge vigilance, caution when active online
11:06p ZILLOW C : Rising rents, lack of affordable housing causes jump in homeless students statewide
11:06p PANERA BREAD : BRIEF: Panera opening Oct. 21 in Union Gap
11:05p CREDIT CHINA : Appoints Dr. Ou Minggang as Independent Non-executive Director
11:05p SGS SOCIETE GENERALE DE SURVEILLANCE : Journey through Product Safety - A Behind The Scenes Look at Clothing and Apparel for The Holidays
Latest news
Hot News 
MAX PETROLEUM : Notice of General Meeting
UBS : Credit Suisse and the Banques Cantonales Latines agree on a certification standard for client advisors
6D GLOBAL TECHNOLOGIES : Rosen Law Firm Announces Investigation of Securities Claims Against 6D Global Technologies, Inc.
JOURNAL MEDIA : Gannett to Acquire Journal Media Group for $12.00 per share
MEDCOMTECH : CONTRACT AWARD - 65-- Covidien Lung Testing Kit - BRAND NAME
Most Read News
07:15p DAIRY AUSTRALIA : New RD&E model to drive Victorian dairy farm profitability
07:40p ARRAYIT : Sunnyvale, CA, September 30, 2015 - Arrayit Corporation Awards $3M Stock Dividend to ARYC Shareholders.
07:06p Sunrise Health System Supports STAND
08:26p GRIFFIN STRUCTURES : Congratulates the City of Lake Forest on the Award from the Los Angeles Section of the American Society of Civil Engineers
10:25p MAN SANG : Monthly Return of Equity Issuer on Movements in Securities for the month ended 30 September 2015
Most recommended articles
10:45p Japan economics minister Amari - economy in recovery trend despite some weakness
10:44pDJAustralian Property Investment Clamps Gaining Traction -- Update
10:32pDJAsian Shares Rally on Hopes for Longer Period of Low Rates
10:10pDJGlencore Cutbacks Shift to Zinc in Metal Rout -- 2nd Update
10:03pDJTreasury's Jacob Lew Calls on World Leaders to Step Up 'Political Will' to Boost Growth -- Update