Avianca Holdings posts USD 75.3m of net income for Q1

Bogota-based airline operator Avianca Holdings SA (BVC: PFAVTA) said it posted operating income of USD 1.11bn during Q1 ´13.

This is equivalent to an increase of 6.0% with respect to the same period of 2012, Avianca said.

Operating income came in at USD 108.1m, a 31% increase over the same period of 2012. On the other hand, the EBITDAR (earnings before interest, tax, depreciation, amortisation and aircraft rentals) recorded for the period was USD 205.2m, a 14.3% increase over the same period of 2012.

Net income for the first quarter of 2013 rose to USD 75.3m, an increase of more than USD 75m over the profit recorded for the same period in 2012.

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