Avianca Holdings reports an operating profit of $70.3 million for the third quarter

Avianca Holdings S.A. (Avianca) (Bogota) reported operating income (EBIT) of $70.3 million for the third quarter (3Q).

As a result the operating margin for 3Q 2014 reached 5.7%, an increase of 130 basis points over the 2Q of 2014. The operating income (EBIT) for the nine-month period of 2014 was $170.1 million; as a result, the operating margin for the first nine months of 2014 was 4.9%.

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Copyright Photo: Michael B. Ing/AirlinersGallery.com. Avianca’s (Colombia) Airbus A320-233 N603AV (msn 5840) with Sharklets arrives in Los Angeles.

Avianca aircraft slide show: AG Slide Show