Avianca widens 2Q net loss on lower revenue, aircraft phase-out
Credit: Rob Finlayson
Bogotá-based Avianca Holdings posted a 2019 second-quarter net loss of $408 million, widened from $35 million in the year-ago quarter. The loss was partly attributed to a $285 million one-time charge associated with the phase-out of less-efficient Airbus A318 and Embraer E190 aircraft. Second...
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