Panama City-registered Avianca Holdings reported third-quarter net profits of $33.2 million, down 7.6% from $35.9 million posted in the year-ago period. Operating revenues were $1.23 billion, up 3.9% year-over-year, as expenses rose 10.2% to $1.16 billion. Resulting operating income for the quarter came to $70.3 million, down 46.9% from $132.2 million in the September 2013 quarter. Avianca attributed the results to “redeployed capacity (ASKs) as well as the strong demand ...

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