Avianca Holdings S.A., posted a $37.8 million net profit for the third quarter of 2016, down 63% from a $102.1 million net profit the company reported in 3Q 2015. Aviana Holdings is the parent of seven Latin American passenger airlines including Colombian flag carrier Avianca and air-freight carrier Avianca Cargo. Avianca’s total operating revenue for the quarter was $1.1 billion, down 4.9% year-over-year (YOY). Operating expenses fell 3.1% YOY to $978.8 million. The ...

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