Avianca’s strength in growth markets helps lift its 2013 financial performance

Avianca's strength in Colombia and Peru, two of Latin America's fast growing markets, helped the carrier record strong financial results for 4Q2013 and FY2013.

The company also achieved other significant achievements in 2013 including rebranding all the carriers within the Avianca-TACA group to Avianca and the completion of a listing on the New York Stock Exchange to broaden its reach for funding for expansion.

A continued fleet renewal and long-haul growth is driving Avianca's planned 8% to 9% capacity growth during 2014 as the carrier readies for the launch of new service from Bogota to London in Jul-2014. Given Avianca's strong performance during 2013, it should be able to absorb the capacity increase without hurting its profits.