AVIANCATACA HOLDING S.A. RECORDS US $132.7 MILLION OPERATING PROFIT

AviancaTaca Holding S.A. and its subsidiaries reported an operating income of US $1.07 billion for Q3 2011, up 29.6% compared to the US $824.9 million registered during the same period in 2010.

EBITDA (earnings before interest, taxes, depreciation, and amortization) rose to US $182.1 million, 7.8% higher than the same period of the previous year, when EBITDA was US $168.9 million. During the third quarter of the year the EBITDAR (Earnings before Interest, Taxes, Depreciation, Amortization and Rent) registered an increase of 11.9% to US $247.9 million.

Net profit for the first nine months of the year was US $73.9 million compared to a US $9.7 million loss over this same period in 2010.

AviancaTaca advances with the consolidation of its 2011 Strategic Plan
According to the CEO of AviancaTaca, Fabio Villegas Ramirez: “The results so far during this transition year, are in line with company projections for the period. They are the product of the strategic implementation of plans for fleet renewal and growth developed in 2011. In the July-September period we added nine aircraft to the group operations (three Airbus A320s, four A319s, one ATR 42 and an exclusive cargo-only Boeing 767-300) and we continue to update our reservation and customer service systems. This has allowed us to fly to new destinations and to make the travel process more convenient.”