AviancaTaca reports 1Q profit of $34.9 million

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Published: May 22, 2012

Computer-generated drawing of A320neo in AviancaTaca livery. Courtesy, Airbus

Bogota-based AviancaTaca Holding (AV), parent of Avianca, TACA, Aerogal and Tampa Cargo, reported a first-quarter net profit of $ 34.9 million, up 47.3% compared to the year-ago quarter.

Operating revenue climbed 22.7% to $ 1.02 billion. 

EBITDA increased 18.9% to $ 96.1 million, while EBITDAR increased 24.3% to $ 167.6 million.

Boarding passengers grew 16% to 5.5 million, while ASKs increased 13.8%. The consolidated results comprise subsidiary airlines in Colombia, Peru and Ecuador. Total domestic boarding passengers increased 23.5% to 3.1 million while international traffic increased 7.5% to 2.4 million. 

AV in January firmed up an order for 33 Airbus A320neos and 18 A320 family aircraft ( ATW Daily News, Jan. 27 ).

CEO Fabio Villegas Ramirez said the results reflect efforts “to improve our operating performance and competitiveness” and that the goal “is to continue executing our strategic plan with a clear vision of being the leading airline in Latin America.”

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