Avianca Holdings reports 2013 financial results

At the end of 2013, Avianca SA Holdings recorded a revenue growth of 8.0% from US$4.2bn in 2012 to US$4.6bn in 2013. Operating costs increased by 5.9%, from $3.9bn in 2012 to U.S.$4.2bn in 2013. Adjusted net income for 2013 amounted to US$234.1m, which is 132.5% above the adjusted net income for 2012, which stood at US$100.7m. For 2013, the EBITDAR (earnings before interest, taxes, depreciation, amortization and rents) grew 25.8% from US$658.3m in 2012 to U.S. $828.2m in 2013. Meanwhile, EBIT (operating profit) in 2013 stood at US$384.9 million, representing an increase of 37.0%.