Featured Company News – Avianca Reported August 2017 Traffic Update; Observed a 7.7% Surge in Net Revenue Passenger Kilometers

LONDON, UK / ACCESSWIRE / September 14, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Avianca Holdings S.A. (NYSE: AVH) (“Avianca”), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=AVH. The Company announced on September 11, 2017, its traffic update for August 2017. The Company reported a 4% increase in the number of passengers transported in August 2017 over August 2016. The net Available Seat Kilometers (ASMs) advanced by 6.4% YOY, while Revenue Passenger Kilometers (RPK) surged 7.7% in August 2017 from August 2016. The load factor for August 2017 was 84.4%, up 105 bps from August 2017. For immediate access to our complimentary reports, including today’s coverage, register for free now at:

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Domestic Segment

Avianca reported that its subsidiary airlines operating in the domestic markets in Colombia, Peru and Ecuador, observed a total of 1.56 million passengers in August 2017, advancing 1.8% from 1.53 million passengers in August 2016. The Company reported net ASMs of approximately 0.82 million in the period, declining 2.3% from 0.84 million ASMs in August 2016. The net RPKs from the domestic segment was 0.70 million, advancing 1.9% from 0.68 million RPKs in August 2016. Avianca reported that the load factor in the domestic segment for August 2017 was 85.5%, advancing 3.5% from 81.9% load factor for August 2016.

International Market

Avianca reported a total of 1.12 million net passengers, advancing 7.2% from 1.05 million passengers for August 2016. The Company observed net ASMs of 3.5 million in August 2017, up 8.6% from 3.22 million ASMs in August 2016. The RPKs in the International segment was 2.94 million during the period, advancing 9.2% from approximately 2.70 million RPKs in August 2016. The load factor for the international market advanced by 0.4%, where net load factor in August 2017 was 84.2%; up from 83.8% in August 2016.

Company Growth Prospects

On March 27, 2017, Avianca affirmed its strategic plans, pursuant to which it would explore an alliance with United Airlines and to seek a capital infusion through an equity offering to its shareholders. The commercial partnership faces a legal challenge from Kingsland Holdings, Ltd, where it has sought to halt talks between the two companies until shareholders vote on whether to appoint an auditor to examine the transactions between Avianca and its majority shareholder, Synergy Group. Both Avianca and Kingsland are scheduled for a court hearing in New York on September 19, 2017.

Synergy Group holds 78% of Avianca voting shares, while Kingsland holds about 22% of voting shares and 14% of total shares. The Company filed a lawsuit against Kingsland Holdings Ltd, to stop its improper actions aimed at blocking Avianca’s growth. Additionally, Avianca filed a motion to dismiss all of Kingsland’s claims made in a lawsuit filed in March 2017, and opposed Kingsland’s motion for an injunction to stop the negotiations with United Airlines.

Last Close Stock Review

On Wednesday, September 13, 2017, the stock closed the trading session at $8.19, climbing 1.61% from its previous closing price of $8.06. A total volume of 27.15 thousand shares have exchanged hands. Avianca’s stock price surged 18.18% in the last one month, 22.06% in the past three months, and 20.44% in the previous twelve months. The stock is trading at a PE ratio of 16.06 and has a dividend yield of 2.44%. The stock currently has a market cap of $349.88 million.

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