Citing significant second-quarter gains in yield, operating income, revenue and traffic, Colombia’s Avianca Holdings raised its full-year EBIT margin guidance to between 7%-9%, up one point from 1Q 2017, the company reported Aug. 15. “[Our] focus on increasing revenues, cost reduction and … efficiency throughout our organization have enabled the company to capture important benefits over the past three months,” Avianca CEO Hernán Rincón said. ...

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