Category Archives: AviancaTaca

Avianca Holdings today retires the TACA brand, updates its logo, livery and product

Avianca Holdings S.A. (Avianca) (Bogota) today (May 28) as planned, formally retired the TACA brand and the previous AviancaTaca Holding company. All aircraft will be repainted in the new Avianca brand. Avianca is updating its logo, livery and product as we previously reported. This announcement will end the history of TACA and AviancaTaca Holding. Our slide show below recalls the aircraft and many liveries of TACA International. The holding company issued this statement:

As announced in late 2012 and after three years of intense work aimed at integration and reorganization of operations and processes, ground and air equipment modernization, and the adoption of industry best practices, the airlines in Avianca Holdings S.A. (formerly known as AviancaTaca Holding S.A.) begin a new stage in their business development under the commercial brand Avianca, with its new visual standards.

Honoring the business development reached by Avianca and TACA Airlines with 94 and 82 years of uninterrupted operations, respectively, the new identity bonds the heritage of the route network, envisioning connecting the continent through all cardinal points, capturing in the logo the service provided through the skies of the Americas.

The image of the “new Avianca” will be displayed in over 160 airplanes, 14 thousand seats onboard, 214 ticket offices, 100 airports, VIP lounges in 25 countries, as well as the corporate buildings in the Americas and Europe. This new image will also dress over 13,000 employees with client service positions -out of the 18,000 total-, and identify our new integrated website, social networks, onboard reading materials, and corporate communications media in general.

This new image highlights a very important chapter in the airline´s history, striving to provide a strong product and service offer in order to become the ideal partner for business and leisure travelers.

Fabio Villegas, Avianca Holdings CEO said: “The single commercial brand represents a very important milestone for an improved flight offer and an interesting challenge to Avianca’s service capacity. For that reason, the airlines’ background and the professionalism and experience shared by the many generations of men and women who have contributed with their work to Avianca, TACA Airlines, Aerogal, and Tampa Cargo, have become our inspiration.”

“More than 5.100 weekly flights operated on a modern fleet enable us to help our travelers reach 100 destinations in 25 countries throughout the Americas and Europe, provide access to 21.900 daily flights served around the world by Star Alliance member airlines, be preferred by more than 23 million passengers who choose our services yearly for their travel plans and the transportation of 300 thousand tons of goods. This motivates us to assure the “new Avianca”, as the leading airline in Latin America preferred by the world´s travelers,” quoted the executive.

Three years of achievements

Fleet. The combined fleet size between Avianca and TACA Airlines at the moment of their integration was 129 aircraft. Currently the company has 151 aircraft in operation. Within its fleet modernization plan, Avianca recently announced the incorporation of Airbus A320neo airplanes equipped with new generation engines, as well as aircraft fitted with sharklets, which provide a 4% better fuel economy than previous models. Avianca welcomed the first aircraft of this type to its fleet in February.

Tampa Cargo acquired four new A330-200 freighters with cargo capacity of 68 tons in order to strengthen the cargo business. The first aircraft of its type joined the fleet in December of last year.

The company also announced the standing offer to purchase 15 ATR 72-600 aircraft, along with the option to purchase an additional 15 of the same model. This turboprop fleet is intended to serve routes within Colombia and Central America and will join the fleet beginning July this year. Finally, the company has confirmed the purchase order for 15 Boeing 787 Dreamliner aircraft, to operate transatlantic routes starting in 2014.

Route Network. Currently, the “new Avianca” covers 100 destinations in 25 countries in the Americas and Europe, through 5,100 weekly flights. The domestic and international connections operate from and to Bogota (Colombia), with more than 2,656 weekly flights, San Salvador (El Salvador), with 532 weekly flights, and Lima (Peru) with 483 frequencies per week. Also connections to and from other Latin American capitals are part of this comprehensive route network.

In addition to its own network, travelers connecting through Avianca are able to reach more than 1,320 cities around the world thanks to code-share and interline agreements with world renowned airlines, granting access to 990 VIP lounges and enjoying multiple benefits provided by the Star Alliance network around the world.

Transported Passengers. As a result of the synergies of the route network, the airlines in Avianca Holdings S.A. have experimented passenger growth. A comparison between 2010 and 2012 reflects an increase of 31.88%. In 2010, the airlines transported 17´510.881 passengers, reaching 20´454.924 in 2011, while in 2012 the number increased to 23´092.533 passengers.

Joining Star Alliance. Avianca and TACA Airlines officially joined Star Alliance on June 21, 2012, which is the largest global airline network in terms of daily flights, coverage, and services. As a result travel advantages and options for our travelers multiplied. In order to be accepted as member airline of the alliance, multiple requirements had to be fulfilled along with several service and operational standards. The “new Avianca” maintains these standards and complies with the periodical audits required.

Avianca Cargo. In 2010 the Cargo businesses of Avianca, TACA, and Aerogal were integrated to Tampa Cargo, building on more than 100 years of experience in the field. After centralizing management, operations, and service the cargo offer underwent a strengthening process. As part of this process the airline announced the acquisition of 4 A330-200 freighters with 68 ton capacity and became the first airline to operate this model in Latin America.

With the expansion of capacity through dedicated aircraft, as well as the bellies of the passenger fleet, the route network was also broadened to meet importer and exporter needs in Latin America, accompanied by the implementation of new integrated technologies for all the business. Today, under the name “Avianca Cargo” this business unit focuses on delivering increased connectivity and services through advanced technology and a highly specialized human team.

Technology. Avianca continues moving forward in the implementation of the latest technology in order to better serve its passengers. In addition to online tools for checking fares, booking reservations, purchasing tickets and seat selections, the airline has been implementing self-check-in modules in 36 of the airports where it currently operates. Travelers can also make use of the web check-in feature for routes in the Americas, allowing them to check-in from the comfort of their home or office.

Passengers may also check-in using their smartphones. This service is initially available for domestic flights in Colombia and Peru, and direct international flights, except Europe, from El Salvador and Medellin and from Bogota to South America, improving check point and boarding times by showing the boarding pass on their smartphones.

VIP Lounges. This past February, Avianca opened its new 2,000 square meter VIP Lounge located in the international terminal of Eldorado Airport in Bogota, aimed at the members of its frequent flyer program, LifeMiles, and business class travelers. In meeting its service improvement plan, the airline will also refresh the VIP lounges in Cali, Barranquilla, Medellin, Cartagena, and San Salvador.

LifeMiles. It was the first joint business deliverable. The unified loyalty program was the result of integrating best practices of both Avianca and TACA, and improving them based on studies on the leading loyalty programs from top airlines around the world. LifeMiles has more than five million members and was recognized by travelers with a Freddie Award in the category of Best Redemption Ability, making it the only loyalty program in Latin America to receive a Freddy Award during the 2013 edition.

Copyright Photo: Bruce Drum/AirlinersGallery.com. All others by Avianca. A look back at one of the first jets for TACA International. BAC 1-11 407AW YS-17C (msn 093) taxies to the runway at Miami on October 19, 1980.

Avianca:

TACA:

Avianca Holdings reports net earnings of $75.3 million in the first quarter

Avianca Holdings S.A, (Avianca and TACA) reported net income of $75.3 million in the first quarter of 2013. The company issued this statement:

First Quarter 2013 Highlights

Avianca Holdings earns net income of $75.3 million (USD) for 1Q 2013, an increase of more than $75 million over the profit recorded for the same period in 2012.
First quarter operating revenues increased to USD$ 1.11 billion, up 5.9% from 1Q 2012 due mainly to a 6.5% increase in passenger revenues driven by an 8.6% growth in passenger traffic over 1Q 2012 figures. Cargo and other revenue increased by 2.5%, primarily as a result of an increase in our Freight and Loyalty revenues.
Operating Cost per available seat kilometer (CASK) decreased by 1.5% from 10.98 cents in 1Q-12 to 10.81 cents in 1Q-13 and CASK excluding Fuel decreased by 1.8% from 7.31 cents in 1Q-12 to 7.17 cents in 1Q-13.
Operating Income (EBIT) increased to USD$ 108.1 million, a 31.1% increase from USD$ 82.4 million in 1Q-12. Excluding special items in 1Q-12 operating income increased by 48.5%. Operating Margin for 1Q-13 rose to 9.7% compared to 7.8% in 1Q-12, primarily as a result of lower unit costs.
Capacity, measured in ASK’s (available seat kilometers), increased by 5.4% during 1Q 2013, mostly due to expansion in our domestic operations in Colombia and Peru. In addition, passenger traffic, measured in RPK’s (revenue passenger kilometers) grew 7.8%, reaching a consolidated Load Factor of 80.8%, surpassing 1Q-12 Load Factor by 2.3 percentage points.
In Line with the fleet renewal program, the company continues to incorporate new aircraft. During the first quarter, one (1) Airbus A330 Freighter, one (1) Airbus A330 and two (2) Airbus A320 passenger aircraft (one of which is equipped with sharklets) were incorporated.
During the first quarter the Company inaugurated its new VIP lounge in Terminal Eldorado International Airport in Bogotá. Lifemiles members can now enjoy over 2,000 square meters of services and innovations in different environments. The lounge has capacity to simultaneously serve nearly 670 travelers, 505 Gold Elite and 165 Diamond Elite members.

Copyright Photo: Bruce Drum. Avianca’s (Colombia) Airbus A320-214 N664AV (msn 3664) arrives at Miami International Airport.

Avianca (Colombia):

TACA:

AviancaTaca Holding reports net income rose by 73.9% to $191 million in 2012, TACA cuts routes from San Jose

AviancaTaca Holding (Avianca and TACA) (Bogota and San Salvador) has announced its financial results for 2012 and the first quarter of 2013 and issued this statement:

AviancaTaca Holding and its subsidiaries reported an increase of 12.9% in passenger numbers compared to 2011.

During 2012, AviancaTaca Holding S.A. recorded net profit of COP$351,684 million ($190.9 million), up 73.9% compared to 2011.

In 2012 AviancaTaca Holding S.A. continued work on expanding its network of routes and creating new air services for travelers flying to and from the Americas and Europe.

According to AviancaTaca’s CEO, Fabio Villegas: “Following the integration of Avianca and TACA operations the Company has launched 46 new routes, and over the last year has emphasized connectivity between high demand points in the local markets of Colombia, Peru and Central America, and throughout the Americas and the Caribbean. This expansion process is taking place in parallel with the renewal of the aircraft fleet and the development of an intensive campaign to further improve the internal service culture.”.

As a result of the increase in seat capacity, flight services to key destinations and also an improvement in service standards, AviancaTaca Holding and its subsidiaries transported 23.1million passengers in 2012, an increase of 12.9% compared to 2011.

Between January and December 2012 the number of travelers transported in markets within Colombia, Peru and Ecuador was 13,255,502, up 18.5% compared to 2011. The number of passengers transported by the Company on international routes was 9,837,031, an increase of 6.1% compared to 2011.

Financial Results

Between January and December 2012, Avianca, TACA and subsidiaries recorded an operating income of $4,254 million (USD), up 11.2% from 2011. Operating profit for the year was $282 million (USD).

The EBITDAR (earnings before interest, taxes, depreciation, amortization and aircraft leasing payments) for 2012 was USD$737.5 million and net profit totaled $195.6 million (USD).

Consistent with an increase of 10.3% in ASK capacity (seats available per kilometer flown), passenger traffic in RPK (passenger revenue per kilometer flown) increased by 10.3%. The average Load Factor was 79.6%.

In the first quarter of 2013, the Company reported net income of $75.3 million (USD).

Strategic projects

During 2012 the Company incorporated 14 new jet aircraft: two Airbus A330s, four Airbus A319, seven Airbus A320 and one Airbus A330F exclusively for cargo. It also announced the firm order for 15 ATR 72-600 aircraft and rights to purchase 15 more, which will be assigned to cover regional routes within Colombia and short and medium-haul markets in Central America.

In other news, TACA is eliminating routes from San Jose, Costa Rica and laying off 261 employees. The airline issued this statement:

Starting May 17, the Airline adjusts operations to and from San Jose, Costa Rica, in order to meet market needs

The airline will keep direct flights between San Jose and Caracas, Mexico, Miami, Guatemala, Tegucigalpa, San Pedro Sula, Managua, and Panama, as well as the connecting flights to hubs in El Salvador, Bogota, and Lima

All travelers with a reservation in flights from San Jose to Caracas, Mexico, Miami, Guatemala, Tegucigalpa, San Pedro Sula, Managua and Panama, as well as to our hubs in El Salvador, Bogota and Lima, will keep their itinerary as scheduled.

Flights canceled as of May 17, 2013:


Flight number	Route
LR661	San Jose CR – Quito
LR660	Quito – Guayaquil – San Jose CR
LR660	San Jose CR – Nueva York
LR661	New York – San Jose CR
AV693	San Jose CR – Panama – Medellin
AV692	Medellin – Panama – San Jose CR
LR652	San Jose CR – Havana
LR653	Havana – San Jose CR
LR672	Panama – San Jose CR
LR673	San Jose CR – Panama
LR604	San Jose CR – Los Angeles
LR605	Los Angeles – San Jose CR
LR684	San Jose CR – Monterrey
LR685	Monterrey – San Jose CR
LR678	San Jose CR – Managua
LR679	Managua – San Jose CR

Flights canceled as of June 16, 2013:


Flight number	Route
TA953	San Jose CR – Lima
TA952	Lima – San Jose CR
TA454	Tegucigalpa – Miami
TA455	Miami – Tegucigalpa

TACA was founded in 1931 and boasts more than 80 years of history. It links the Americas together through its four Hubs (Colombia, El Salvador, Costa Rica and Peru), and its extensive route network from Canada to Brazil, flying to 50 destinations in 22 countries. Its fleet consists of Airbus A319, A320 and A321 aircraft and new Embraer 190 aircraft. In addition, its regional operations service 39 destinations in Central American countries with a fleet of ATR 42, Short SD3-60, Twin Otter and Cessna Grand Caravan aircraft.

Copyright Photo: Bruce Drum. The TACA name and brand will be retired at the end of May ending a long history. TACA’s Airbus A320-233 N682TA (msn 3581) arrives at Miami painted in the last (2008) livery for the company. All TACA aircraft will be repainted into the red and white Avianca brand and operate under the Avianca name. Goodbye TACA.

Avianca (Colombia):

TACA:

AviancaTaca reports a net profit of $192.1 million in 2012, will start the TACA rebranding

AviancaTaca Holding S.A. (Avianca Colombia and TACA) (Bogota) issued this financial report for 2012:

In the first two months of 2013, Avianca and TACA recorded a 9.7% increase in passenger numbers compared to the same period of 2012.

During 2012, AviancaTaca Holding SA reported net income of COP $351,684 million ($192.1 million), up 73.9% from net income obtained in 2011.

In February 2013, attached to the Holding airlines transported nearly two million passengers.

In the first two months of the year, airlines mobilized attached to 3,982 .201 AviancaTaca Holding passengers, registering an increase of 9.7% from January to February 2012.

Only in the month of February, Avianca, TACA and its subsidiaries 1,866 .367 mobilized passengers, 6.8% above the passengers carried in February 2012. The capacity, measured in ASKs (available seats per kilometer flown) increased 1.6%, while passenger traffic measured in RPKs (paying passengers per kilometer flown) grew 5.5%. The load factor for the month reached 80.7%.

Domestic markets of Colombia, Peru and Ecuador

During January and February 2013, the number of passengers moved in markets within Colombia, Peru and Ecuador amounted to 2,278 .645, 11.4% more than in 2012. The capacity (ASKs) in these markets increased by 15.1%, while passenger traffic (RPKs) increased 14.1%. Consequently, the load factor stood at 79.5%.

In February, the carriers assigned to the Holding transported within these markets a total of 1,089 .289 travelers, up 7.9% from February 2012. The capacity (ASKs) in these markets increased 13.6%, while passenger traffic (RPKs) increased 11.1%. As a result, the load factor stood at 78.8%.

International markets

During January and February 2013, the number of passengers on international routes mobilized amounted to 1,703 .556, 7.4% higher than the figure recorded in the same period of 2012. The capacity (ASKs) rose 1.9% and passenger traffic (RPKs) increased by 6.7%. As a result, the load factor reached 82.9%.

In February, Avianca, TACA and its subsidiaries carried 777,078 passengers on international routes to an increase of 5.4% over the same period of 2012. Product of a reorganization of the operation, capacity (ASKs) decreased 1.2% while passenger traffic (RPKs) increased by 4.1%. The load factor stood at 81.2%.

Copyright Photo: Arnd Wolf. The TACA fleet will start to be repainted in the Avianca brand in the second quarter. TACA’s Embraer ERJ 190-100 IGW N984TA (msn 19000273) arrives at Miami International Airport.

Avianca Colombia:

TACA:

AviancaTaca Holding S.A. reports a net profit of $195.63 million for 2012

AviancaTaca Holding S.A. (Avianca Colombia and TACA) (Bogota) has reported a net profit of $195.63 million for 2012.

The company added 14 new aircraft in 2012: two Airbus A330s, four Airbus A319s, seven Airbus A320s and one Airbus A330F freighter. Similarly, the company announced the purchase of 15 ATR 72-600 aircraft and purchase rights for 15 additional aircraft of the same type, which will be used to cover regional routes within Colombia and its short and medium markets in Central America.

Read the full report (in Spanish): CLICK HERE

Copyright Photo: Luimer Cordero. Airbus A330-243 N342AV (msn 1342) in the Star Alliance livery touches down at Miami International Airport.

Avianca:

TACA:

AviancaTaca signs contract for 15 ATR 72-600s

AviancaTaca Holding (Bogota) has signed a contract for the purchase of 15 ATR 72-600s, plus options for 15 additional aircraft. The deal, including the options, is valued at close to $700 million. Avianca and Taca recently made its final choice after an exhaustive evaluation of all the competing alternatives, opting for the ATR 72-600 to provide the best overall solution. The deliveries of the firm aircraft will start in June 2013.

AviancaTaca is one of the largest and fastest growing aviation groups in Latin America. It currently operates a combined fleet of more than 150 aircraft, the second largest fleet in Latin America. The group serves more than 100 destinations in Latin America, US, Canada, Caribbean region and Europe, and has 4 major hubs in Bogota, San Salvador, Lima and San José de Costa Rica.

With the introduction of their fleet of 15 brand new 70-seat ATR 72-600, AviancaTaca will progressively replace their Fokker 50s and ATR 42s currently in operation. Avianca will fly the new ATR 72-600s to destinations like Barrancabermeja, Florencia, Manizales, Neiva, Pasto, Popayán, Tumaco and Yopal, in Colombia. Taca will fly the aircraft to Guatemala city and Flores (Guatemala), Tegucigalpa, Roatán and San Pedro Sula (Honduras), San Salvador (El Salvador), Managua (Nicaragua), and San José and Liberia (Costa Rica).

The new aircraft will be painted in Avianca’s colors as the TACA brand is being retired. The new holding company issued this statement back in October:

The new Avianca brand will officially be launched in the first half of 2013.

After rigorous market research and business analysis carried out with Lippincott – a world recognized marketing firm – Avianca was selected to be the brand for the airlines that today comprise AviancaTaca Holding S.A.

According to the results of the studies, the history, positioning and brand equity of Avianca make it the best choice to expand and commercialize the products and services of all the airlines integrated in AviancaTaca Holding S.A.

From its official launch in 2013, the Avianca brand will be adopted as the commercial name for: Aerovías del Continente Americano S.A. Avianca and Tampa Cargo S.A., incorporated in Colombia, Aerolíneas Galápagos Aerogal S.A., incorporated in Ecuador and the airlines of the TACA Group: TACA Internacional Airlines S.A. incorporated in El Salvador, Líneas Aéreas Costarricences S.A. LACSA, incorporated in Costa Rica, Transamerican Airlines S.A. (TACA Peru) incorporated in Peru and Aviateca S.A., incorporated in Guatemala.

The companies will retain their legal name and add the trading name Avianca in their respective territory of incorporation. The airlines will maintain their respective legal and labor structures. The brand Avianca will be used in communication with clients and marketing in all the territories where the airlines operate.

All AviancaTaca Holding S.A. carriers to operate under a new Avianca brand

AviancaTaca Holding S.A. (subsidiary of Synergy Group) (Bogota), formed in February 2010 with the merger of Avianca (Bogota) and the TACA Group (San Salvador) has decided to consolidate all operations under the Avianca brand. All carriers in the new group will retain their legal names in their respective countries. A new livery is expected for the “new Avianca”. The group issued the following statement:

After rigorous market research and business analysis carried out with Lippincott – a world recognized marketing firm – Avianca was selected to be the single commercial brand for the airlines that today comprise AviancaTaca Holding S.A.

According to the results of the studies, positioning brand equity, and history of Avianca make it the best choice to expand and commercialize the products and services of all the airlines integrated in AviancaTaca Holding S.A.

From its official launch in 2013, the Avianca brand will be adopted as the commercial name for: Aerovías del Continente Americano S.A. Avianca and Tampa Cargo S.A., incorporated in Colombia, Aerolíneas Galápagos Aerogal S.A., incorporated in Ecuador and the airlines of the TACA Group: TACA Internacional Airlines S.A. incorporated in El Salvador, Líneas Aéreas Costarricences S.A. LACSA, incorporated in Costa Rica, Transamerican Airlines S.A. (TACA Peru) incorporated in Peru and Aviateca S.A., incorporated in Guatemala.

After an intense reorganization of operations, with the goal of providing a superior travel experience to customers in Latin America and travelers from across the world, the airlines that conform AviancaTaca Holding S.A. prepare their migration to a single commercial brand. With this decision, the companies are seeking to consolidate their presence in markets and be more competitive in an increasingly complex and demanding environment.

Since the integration announcement in October 2009, the member airlines have moved forward with its modernization and growth program along with its plan to capture synergies. 45 routes to new destinations have been launched, capacity has been expanded by more than 37% and the fleet has been simplified from 11 to 4 types of aircraft families. These efforts, coupled with the adoption of a single technological platform for customer service, unification of the frequent flyer programs under the LifeMiles brand and integration to Star Alliance, sets the foundations to commercialize our products and services under a single brand.

The official launch of the new image and the start of commercialization under the brand will be carried out during the first half of 2013, after complying with the legal requirements in each country. Implementation will be rolled out throughout the year, beginning in the first half with the airlines of the TACA Group, Avianca and Tampa Cargo and Aerogal in the second half (once the Ecuadorean airline completes its technological standardization process and operational integration with the other airlines).

The CEO of AviancaTaca Holding S.A., Fabio Villegas Ramirez, said that: “As part of the integration process, the organization has been very visible driving activities that are highly relevant to the travelers and regions served by the group’s airlines. In parallel with the modernization of infrastructure, both on ground and on board, the network expansion and incorporation of new technologyl to improve the travel experience, the companies have simultaneously yielded sought after results in domestic and international markets, as well as impressive customer satisfaction figures, which drive growth and positive financial results.”

In announcing the decision to adopt a single commercial brand for the integrated airlines, the Chairman of the Board, Roberto Kriete, noted: “The goal is to position the airlines under the Avianca brand as the Leading Airline in Latin America and the traveler’s favorite. It is a company with Latin American roots with the best human talent of the industry in the region, looking to anticipate customer needs and renowned for the superior quality of service. This is how we can make sure that the new Avianca reflects the best operational practices of the airlines of the group enabling a strong presence. Under the brand Avianca we continue to fulfill our mission of integrating El Salvador, Costa Rica, Guatemala, Colombia, Peru, Ecuador, and the nations of the Americas with the world at large through commercial aviation, which has been the inspiration since the companies were founded. We offer travelers a service that is both competitive, efficient and sustainable and we’ll continue creating jobs and aiding the development in the countries where we operate.”

In line with the decision to adopt a single commercial brand, expert staff and external consultants are working on the integration project of the Avianca brand image. The new image will be extended to all the products and services of the company, as well as the aircraft, uniforms and spaces used as customer touch points.

Both shareholders and executives of AviancaTaca Holding S.A. are confident that the consolidation of business activities under the Avianca brand constitute a new opportunity to reach the integration objectives. These goals are focused on providing a safe, friendly and efficient service for travelers in the region and across the world, who day after day choose to fly on the route network of the AviancaTaca Holding S.A. airlines.

Company management extend their gratitude and appreciation to the authorities of El Salvador and other countries where the companies of the TACA Group are incorporated, for their continuous support in the business development initiatives over nearly 85 years of uninterrupted operations in the region, enabling progress and improvements in the quality of life for Central American countries and the Americas as a whole.

Top Copyright Photo: Bruce Drum. The Avianca familiar red brand will once again be updated for the larger group. Airbus A320-214 N446AV (msn 4046) taxies to the gate at Miami International Airport.

Avianca:

TACA:

Bottom Copyright Photo: Michael B. Ing. The TACA brand will now be retired. Airbus A320-233 N680TA (msn 3538) prepares to land at Los Angeles International Airport.

AviancaTaca Holding S.A. reports 2Q net income of $40 million

AviancaTaca Holding (Avianca Colombia and Taca Airlines) (Bogota) reported second quarter 2012 operating revenue of $1.0 billion, a 12.9% increase compared to the same period in 2011. This result is mainly due to a 12.9% increase in pax revenue fueled by an 11.6% increase in passenger traffic compared to the second quarter in 2011.

Capacity, measured in ASK (Available Seats per Kilometer), increased 9.6% in the second quarter of 2012 as a result of the ongoing growth and consolidation strategy of the 4 hubs (Bogota, Lima, San Salvador and San Jose, Costa Rica). During the second quarter the Company opened 5 new routes and added 19 flights to existing routes.

Load factor for the second quarter of 2012 remained unchanged at 77.7% compared to the same period last year.

Operating income in the second quarter of 2012 increased to $22.5 million, boosting operating income for the semester 19.3% compared to the year-earlier period to $70.7 million.

Net profit in the second quarter of 2012 increased 334.3% versus the same period in 2011 to $4.9 million, increasing net profit for the quarter to $40.1 million.

On June 21, 2012, Avianca and Taca Airlines officially joined the Star Alliance.

Avianca:

TACA:

AviancaTaca Holding S.A. reports a first quarter net profit of $35 million

AviancaTaca Holding S.A., the new holding company of both Avianca (Bogota) and TACA International (San Salvador), reported a first quarter net profit of $35 million.

Read the full report (in Spanish): CLICK HERE

Top Copyright Photo: Luimer Cordero.

Avianca Slide Show: CLICK HERE

TACA Slide Show: CLICK HERE

Bottom Copyright Photo: Christian Volpati.

Avianca-TACA reports net income of $109 million in 2011

Avianca (Colombia) (Bogota) and TACA Airlines (Grupo TACA) (San Salvador) (AviancaTaca) reported a combined net income of $109 million in 2011, an increase of 229.7 percent.

Read the full report (in Spanish): CLICK HERE

In October 2009 it was announced that Avianca and TACA would merge their assets in a strategic alliance. Each airline in the group will maintain their own trademark and operations.

Top Copyright Photo: Jay Selman.

Avianca (Colombia) Slide Show: CLICK HERE

Avianca (Brazil) Slide Show: CLICK HERE

TACA Slide Show: CLICK HERE