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.
Copyright Photo: Brian McDonough. Embraer ERJ 190-100 IGW N936TA (msn 19000215) lands at Miami.
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Filed under: Avianca, AviancaTaca, TACA (El Salvador) Tagged: 19000215, Avianca, Avianca Colombia, AviancaTaca, Embraer, Embraer 190, Embraer ERJ 190, Embraer ERJ 190100, ERJ 190, ERJ 190100, ERJ 190100 IGW, Grupo TACA, MIA, Miami, N936TA, TACA, TACA (El Salvador), TACA International, transportation
