With $271.3 million in Ebitdar (earnings before interest, taxes, depreciation, and amortization or lease costs), exceeding business plan projections by $88.7 million, the airlines closed the second quarter of 2023 passengers affiliated with Avianca Group International Limited.
That’s according to the company’s report, which highlighted the good performance of revenue per passenger in the period, resulting in revenue per passenger and available seat kilometer of 6.5 cents, up 27.4% from business forecasts. plan. The airline operates in Colombia, Ecuador, Central America and is connected to around 71 destinations in 24 countries of America and Europe.
These are the prices of Aviance flights between Quito and Cancun
Cost per passenger per available kilometer excluding fuel (Pax CASK ex-fuel) was 3.9 cents during the quarter; a decrease of 14.6% compared to the previous year. Avianca generated $84.8 million in cash, reaching $1,013.2 million in total liquidity as of June 30, 2023, according to the report.
Adrián Neuhauser, CEO of Aviance, the group completed its narrow-body densification program in record time, further optimizing cost efficiency, enabling greater capacity allocation and continuing to reduce our carbon footprint per passenger.
“Our commitment to regional connectivity has led us to launch eight new routes, to now offer 144 routes to 71 destinations, while strengthening Avianca’s customer experience,” noted Neuhauser, who noted that Avianca ended the second quarter of 2023 with an operating fleet of 122 aircraft. : 109 from the Airbus 320 family and 13 Boeing 787s.
Other achievements of Aviance and its subsidiaries included the fact that its consolidated capacity, measured in available seat kilometers (ASK), reached US$13,270.8 million in the second quarter of 2023; year-on-year increase of 22.1%. In that period, the group transported 7.7 million passengers, which represents an increase of 17.7% compared to the same period of the previous year.
Frederico Pedreira, director of Aviance: “There will be a recession that may come next year or in 5 years, but we are sure that it will come”
In addition, Cirium was recognized by the Avianca Group as the most punctual airline in the world last May and June, with On-Time Performance (OTP) of 89.5% and 86.6% respectively. Avianca’s average OTP was 87.5% during the second quarter of 2023.
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Source: Eluniverso
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