Avianca Holdings operating profit up 32% in 3Q2013

Avianca Holdings revenue up 8% - financial highlights for nine months ended 30-Sep-2013:

• Operating revenue: USD1182 million, +9.6% year-on-year;
• • Passenger: USD990.1 million, +9.4%;
  • Cargo and other: USD191.9 million, +10.9%;
  Operating costs: USD1050 million, +7.3%;
  • Fuel: USD337.5 million, +1.5%;
  • Labour: USD166.3 million, +11.7%;
• Operating profit: USD132.2 million, +32.2%;
• Net profit: USD39.9 million;
• Passenger numbers: 6.4 million, +3.5%;;
• Load factor: 82.0%, +0.2 ppt;
• Yield: USD 12.0 cents, +3.2%;
• Revenue per ASK: USD 11.7 cents, +3.6%;
• Passenger revenue per ASK: USD 9.8 cents, +3.4%;
• Cost per ASK: USD 10.4 cents, +1.5%;
• Cost per ASK excl fuel: USD 7.1 cents, +4.3%;
• Total assets: USD4870 million;
• Cash and cash equivalents: USD580.4 million;
• Total liabilities: USD3883 million;
• FY2013 forecast:
• • Capacity (ASK): +7% to +8%, compared to previous guidance of +8% to +10%;
  • Passenger numbers: +9% to +10%, compared to previous guidance of +11% to +13%;
  • Load factor: 79% to 80%, compared to previous guidance of 77% to 79%;
  • EBIT margin: +7% to +8%, compared to previous guidance of 6.5% to 7.5%. [more - original PR I][more - original PR II]