Colombian Aviancawhich is part of Hold the lesson with goal, It reported net profit of $101 million in the third quarter, a growth of 40% year-over-year. Overall, the results were supported by strong demand for flights, as well as lower fuel prices during this period. Operating revenue in the quarter was $1.51 billion, a growth of 12.8% year over year.
This quarter, the company carried 9.7 million passengers, which was flat in the year-on-year comparison. Seat supply jumped 6.8%. Meanwhile, revenue per passenger kilometer jumped 7%.
EBITDA was $411 million, a growth of 15.5% year-on-year. The positive numbers came with lower fuel costs. The operating cost per seat decreased by 1.9% during the quarter to $0.057.
The group was shocked last weekend by Airbus A320 aircraft recall. However, the company said it has already completed the software update for 100% of its fleet.
“Since the manufacturer guidance was announced, a team of more than 2,500 dedicated company technicians have worked tirelessly to update the software on 124 aircraft.”
The company added that a total of 42,939 passengers were affected by the problem on board 293 national and international flights. Airbus requested the recall of thousands of aircraft from the A320 family on Friday (28). The recall was necessary after an accident that occurred in October on a US JetBlue plane. The plane ended up making a sudden landing without the pilots’ orders, resulting in some passengers being injured.
Investigations later showed that the Elac system, a computer responsible for helping manage the plane’s stability, had been compromised by solar radiation.
In total, the suspension resulting from the recall affected 6,000 aircraft of the model, which is the best-selling in the world. The manufacturer says it has already completed updates on almost the entire fleet.