Avianca reports strong Q1 2024 growth: Increased capacity, passenger numbers, and revenue

MIAMI, FLA. – Avianca Group International Limited affiliated passenger airlines reported its first quarter 2024 results. Avianca’s capacity increased by 26.1% year-over-year, with a robust load factor of 81.4%, 1.2 percentage points higher than first quarter 2023, and a 37.5% increase in transported passengers, reaching 9.3 million. The company posted $272 million in EBITDAR at a 21.5% margin during first quarter 2024, 16.3% ahead of the same period in 2023. For the period, Net Income was $13 million.