AviancaTaca reports mixed profit results in 1Q2011

AviancaTaca revenue up 16% - financial highlights for the three months ended 31-Mar-2011:

• Operating revenue: USD845.2 million, +15.9% year-on-year;
• Total operating costs: USD640.6 million, +20.1%;
  • Fuel: USD249.4 million, +40.0%;
  • Labour: USD101.0 million, +31.6%;
• Operating profit: USD30.6 million, -50.2%;
• Net profit: USD23.7 million, +16.5%;
• Passenger numbers: 4.9 million, +10.5%;
• Load factor: 77.5%, +0.5 ppt;
• Cost per ASM: n/a, +7.6%;
• Total assets: USD3668 million, -1.4% when compared with the period ended 31-Dec-2010;
• Cash and cash equivalents: USD392.4 million, -7.5% when compared with th period ended 31-Dec-2010;
• Total liabilities: USD3022 million, -2.0% when compared with the period ended 31-Dec-2010. [more]

* Based on the conversion rate USD1 = COP1879.482932