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Avianca Holdings achieves net income of 67.3 billion dollars during 2017

Avianca Holdings achieved a net profit of 67,300 million dollars in the first nine months of the year compared to the 17,829 million dollars of the same period of 2016, reported the company.

Bogotá, Nov 15 (EFE) .- Avianca Holdings achieved a net profit of 67,300 million dollars in the first nine months of the year against the 17,829 million dollars of the same period of 2016, the company reported.

Meanwhile, net profit in the third quarter of 2017 was 36,137 million dollars, which was a drop compared to 37,822 million euros. same period last year, detailed the company in its report of consolidated financial statements.

Earnings before interest, taxes, depreciations, amortizations and rents (Ebitdar) reached 255 million dollars in the third quarter of 2017.

Between January and September, the operating revenues of Avianca Holdings amounted to 3,320 million euros. dollars compared to 3,033 million dollars that totaled in the first nine months of 2016.

Operating income for the third quarter of this year totaled 1,160 million dollars with respect to the 1.062 million dollars of the same period of 2016.

According to the information for the press, the occupation factor stood at 84.6%, "the highest average in a quarter throughout the history of Avianca "and that was attributed" to the excellent performance of international routes, especially to Europe and North America ".

Avianca explained that the cessation of activities that began on September 20, pilots affiliated with the Colombian Association of Civil Aviators (Acdac) and that lasted for 51 days "had a negative impact 10 days on the company's operating results on September 30. "

The average loss per day from the start of the cessation of activities to the date of publication of the Financial results calculated between 0.8 million and 1.3 million dollars, said the financial statements document.

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