Bogota-based AviancaTaca Holding, parent of Avianca, TACA, Aerogal and Tampa Cargo, reported 2011 net income of $109 million, more than tripling a net profit of $33 million in 2010.
Bogota-based AviancaTaca Holding, parent of Avianca, TACA, Aerogal and Tampa Cargo, reported 2011 net income of $109 million, more than tripling a net profit of $33 million in 2010. The company did not provide many details, but it said full-year operating revenue rose 24.6% compared to 2010 to $3.8 billion. EBITDAR was $739 million, up 11.5% year-over-year. AviancaTaca said it has approved, pending shareholder approval, a profit distribution that will pay $24.1 million to holders ...
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