Colombia’s Avianca Holdings recorded its first quarterly profit of 2019 despite a slight dip in revenues, as the company continues to cut costs in the face of weak regional economic conditions. Avianca’s third-quarter (Q3) 2019 net income was $34 million, up slightly from $32 million in the year-earlier period. Total revenues decreased by 1.5%, harmed by weak macroeconomic conditions and a drop-off in passenger levels related to capacity reductions in unprofitable markets. The ...

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