Avianca has recorded a net loss of $283.5 million in the third quarter, compared with a loss of $40.1 million in the year-earlier period. The Colombian airline declared bankruptcy under U.S. Chapter 11 law in May 2020. The airline’s income fell to $206.9 million, down from $1.2 billion in the third quarter of 2019. “Avianca’s scheduled passenger operations have been affected (by the coronavirus pandemic) since mid-March, reducing its consolidated revenues by more than 73% and putting significant pressure on its cash reserves,” the company said.
This content is restricted to site members.
If you are an existing user, please login below.
New users may register below.