AVIANCATACA HOLDING S.A. EARNS NET PROFIT OF USD 56.3 MILLION
AVIANCATACA HOLDING S.A. EARNS NET PROFITOF USD 56.3 MILLION
This figure is 14.8% higher in comparison to the same period for the previous year
BOGOTA, Colombia--(BUSINESS WIRE)-- During the third quarter of 2012, AviancaTaca Holding S.A, (BVC: PFAVTA) reported operating income of US$1.1075 billion. This is equivalent to an increase of 8.1% with respect to the same period of 2011, removing the non-recurring revenue for expired tickets recorded in the third period of 2011.
Operating profit reached US$116.6 million. On the other hand, the EBITDAR (earnings before interest, tax, depreciation, amortization and airplane rental) recorded for the period was US$226.4 million.
Net profits for the third quarter of 2012 rose to USD 56.3 MILLION, 14.8% higher than the profit recorded for the same period in 2011.
Capacity measured in ASK (Available Seats per Kilometer) increased by 10.3% in the third quarter as a result of the growth and consolidation strategy of the four (4) connecting hubs (Bogotá, Lima, San Salvador and San José in Costa Rica). The company opened five (5) new routes during this period, along with additional flights to existing routes in South America.
Passenger traffic measured in RPK (Revenue Passenger Kilometer) rose 9.1% in the third quarter, whereas the load factor reached 81.8%. Cost per available seat kilometer, excluding fuel costs (CASK ex Fuel), declined by 6.0%.
During the third quarter, the company announced that it will be adopting the Avianca brand name for all of the group's airlines, which will take effect during 2013. In the same manner, in compliance with its fleet renovation and modernization plan, five aircraft were incorporated into the fleet during the quarter: one (1) Airbus A330, two (2) Airbus A319, and two (2) Airbus A320.
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.
AviancaTaca Holding S.A.
Communications and Corporate Affairs Department
Tel: (57+1) - 587 77 00 ext. 2246
Tel (50+2) 2279-5700 - (502) 2279-5600
KEYWORDS: United States North America South America Colombia Florida
The article AVIANCATACA HOLDING S.A. EARNS NET PROFIT OF USD 56.3 MILLION originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.