Avianca Holdings S.A. Reports Operating Income of $132.2 Million, a 32.2% Improvement

15-Nov-2013 During the third quarter of 2013 Avianca Holdings S.A. (NYSE: AVH) reported a consolidated adjusted net income of USD$99.1 million excluding FX effects related to liabilities denominated in Colombian Pesos and on the gain on sale of assets. This represents an increase of 151.3% over the same period in 2012. Avianca´s adjusted net profit margin increased by 450 basis points reaching 8.5%. Including the aforementioned effects on net income, Avianca Holdings S.A. and its subsidiaries generated a net income of USD$39,9 million.