Avianca informó that transportó 9,3 million passengers in the first quarter of the yearñor and that its EBITDAR reachedó los USD 272 million in 2024.
Avianca start the 2024 with good operational and financial results, reporting an exceptional first quarter marked by notable growth in passengers, improvements in efficiency and financial resultsóthat consolidate it as a key player in the aviation industry.óLatin American.
Avianca passenger and financial results
the airínea transportó a 9,3 million passengers in the first quarter of 2024, which represents an increase in 37,5% in comparisonón with the same personíI smell the añprevious one. This significant growth is a reflection of the recoveryón of the tourism sectoríaesthetics and passenger confidence in the airlineínea.
Despite the increase in demand, Avianca has strived to maintain affordable rates for its customers. The tree for the nightómeter flown experimentó a reductionón average of 4,5%, demonstrating the company's commitmentñíto offer a quality service at competitive prices.
Avianca not only cares about price, but alsoén for customer experience. In this way, has implemented a new simplified and flexible tariff scheme, which allows passengers to choose the optionón that best suits your needs.
Además, the airínea has significantly improved its route network with the reopening of the route Bogotaá-París, afterés de 20 años, and the inaugurationóroute no. Bogotaá-Montreal. These new broad connectionsíincrease travel possibilities for customers and strengthen the positionóAvianca's name as a bridge toéprisoner between Américh Latin and Europe.
Financial resultsóread
The efforts of Avianca translate into financial resultsóread. The EBITDAR of the Avianca Group reachedó los USD 272 millions, a 17% más that in the first quarter of 2023, generating an EBITDAR margin of 21,5%. The liquidity of the companyñíto stay in one positionón healthy with USD 971 millions, which gives you a foundation sófight to continue its growth.
The cargo business Avianca spaghettién has shown a performanceñthe positive, with USD income 152 million in the first quarter of 2024. the airínea has remained as heíder at the flower market Colombia a USA, transporting around 18.000 tons during the season San Valentín.
The loyalty program LifeMiles has contributed to the group's cash flow with USD 36 millions, a 15,3% más that in the same período de 2023. Avianca has implemented new policiesíethics to facilitate qualificationón al Elite status, showing its commitment to loyaltyón of your clients más valuable.
