Avianca Holdings reports operating profit of $57.2m for first quarter of 2014
Avianca Holdings reported first quarter 2014 adjusted net income of $31.6m, excluding special items. Adjusted net income margin came in at 2.9%. Operating revenues amounted to $1.099bn, down 1.7% over 1Q 2013, mainly due to a 2.2% decrease in passenger revenues, driven by a yield decline of 4.4%, which was partially offset by a 3.3%