Tag Archives: 3581

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.

TACA logo-1

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): AG Slide Show

TACA: AG Slide Show

Advertisements

TACA and Avianca to merge under one company

Copyright Photo: Brian McDonough.  Please click on photo for full view, information and other photos.

Copyright Photo: Brian McDonough. Please click on photo for full view, information and other photos.

Copyright Photo: Bruce Drum.  Please click on photo for full view, information and other photos.

Copyright Photo: Bruce Drum. Please click on photo for full view, information and other photos.

Grupo TACA (TACA International) (Transportes Aereos del Continente Americano) (San Salvador) and Avianca (Aerovias del Continente Americano) (Bogota) and all of the subsidiary airlines within the two groups will be merged into one single holding company. The Avianca owners (National Federation of Colombia Coffee Growers and the Synergy Group) will control two-thirds of the new holding company. The Grupo TACA owners will control the remaining one-third of the shares of the new holding company. All airlines will retain their independent brands (however Avianca was consolidating its brands) but each will become subsidiaries of the new holding company.

News link:

www.reuters.com/article/marketsNews/idINN0748094020091007?rpc=44