August 17, 2012
AviancaTaca Holding S.A. reports first semester 2012 net income of COP$71bn
AviancaTaca Holding reported second quarter 2012 operating revenue of COP$ 1.8tri (US$1.0bn), a 12.9% increase compared to the same period in 2011. This result is mainly due to a 12.9% increase in pax revenue fueled by an 11.6% increase in passenger traffic compared to the second quarter in 2011. Operating income in the second quarter of 2012 increased to COP$40,139m (US$ 22.5m), boosting operating income for the semester 19.3% compared to the year-earlier period to COP$ 126,278 m (US$70.7m). Net profit in the second quarter of 2012 increased 334.3% versus the same period in 2011 to COP$8,790m (US$4.9m), increasing net profit for the semester to COP$71,620 million (US$40.1m).