Avianca Holdings posts a USD36m operating loss in 2Q2019 attributed to 5.5% pax revenue reduction

    Avianca Holdings reported (15-Aug-2019) that 2Q2019’s USD36 million operating loss is primarily driven by a 6.9% decrease in total operating revenues, as passenger revenues decreased by 5.5%, mainly driven by average fare declines across the network, as well as a 13.8% decrease in cargo and other revenues primarily due to events unrelated to the cargo operation. Total operating expenses decreased by 0.3%. [more – original PR] [more – original PR – II] [more – original PR – III]