Avianca Holdings operating profit down 5% in 1Q2017

Avianca Holdings revenue down 10% - financial highlights for three months ended 31-Mar-2017:

• Operating revenue: USD1068 million, +6.2% year-on-year;
  • Passenger: USD862.3 million, +8.9%;
  • Cargo and other: USD205.4 million, -3.6%;
• Total operating costs: USD999.1 million, +7.1%;
  • Fuel: USD225.5 million, +36.1%;
  • Labour: USD166.9 million, +7.4%;
• Operating profit: USD68.6 million, -5.0%;
• Net profit: USD20.5 million, +541.2%;
• Passenger numbers: 7.5 million, +5.5%;
• Load factor: 81.9%, +3.1ppts;
• Yield: USD 8.6 cents, -1.0%;
• Revenue per ASK: USD8.8 cents, +0.3%;
• Passenger revenue per ASK: USD7.1 cents, +2.9%;
• Cost per ASK: USD8.2 cents, +1.2%;
• Cost per ASK excl fuel: USD6.4 cents, -4.7%;
• Stage length: 1015 km, +2.5%;
• Total assets: USD6438 million;
• Cash and cash equivalents: USD397.3 million;
• Total liabilities: USD5037 million. [more - original PR]