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
06:32a MTN : Partners with Vodafone Group
06:32a FORTINET : Forms Partnership with Exodus Intelligence
06:32a SYMBILITY SOLUTIONS : to Raise USD1.71 Million from CoreLogic
06:32a TRIMBLE NAVIGATION : Launches NextSwath End-of-Row Turn Technology to Improve Operator Performance and Crop Yield for Agriculture
06:31a LBMA review to consider creation of London gold trading exchange
06:31a AL AHLI BANK OF KUWAIT : Achieves KD 9 Million in Profit for Q1 '15
06:31a PARTNER COMMUNICATIONS : press releases
06:31a GUANGDONG INVESTMENT : Reply Form
06:31a GDA GESAMTVERBAND DER ALUMINIUMINDUSTRIE E V : Trimet celebrates anniversary – 30 years of passion for aluminium
06:31a ENCANTO POTASH : Increases Size of Private Placement of Units for USD1.7 Million
Latest news
Advertisement
Hot News 
SYLVANIA PLATINUM : Quarterly Report: 31 March 2015
BARON OIL : Says Nancy 1 Production Resumes In Colombia
COLLAGEN SOLUTIONS : *repeat: panmure initiates collagen solutions with 'buy' - target 18 pence
RED24 : Says Results To Beat Board Hopes, New Year Off To Good Start
SPRUE AEGIS : 2014 Profit Doubles But Warns 2015 Profit To Fall Short
Most Read News
04/26 WELLS FARGO : Which high schools were nominated for a Blumey award?
04/26 LOMBARD BANK MALTA : Approval of Ordinary Resolutions at Annual General Meeting
04/26 BLOM ASA : profits reach $91.17 million
04/26 MANCHESTER UNITED : Eden Hazard lands top PFA award
04/26 SONY : Naples Daily News, Fla., Stay Tuned column
Most recommended articles
06:31a LBMA review to consider creation of London gold trading exchange
06:31aDJTELIASONERA : Most of Nepalese Network Working, Hard to Assess Damage
06:26a Deutsche Bank says no cap hike needed to meet new leverage goal
06:23a Deflation? Oil's 45 percent rebound could be markets' next headache
06:23a LME moves to cut warehouse queues faster
Dynamic quotes  
ON
| OFF