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Avianca's 100-year anniversary retrojet in Barranquilla, Colombia. (Photo: Avianca)

In Search of Financial Salvation, Avianca Rationalizes South America Network

This week, Avianca, the oldest airline of the Americas and second oldest in the world, celebrates its 100th anniversary. However, in recent times, the airline has not much to commemorate. Its financial situation is very fragile, with not much cash remaining and a very complex debt situation. As its latest move to overcome this delicate situation, the Colombian carrier is changing its international network focus. Avianca is withdrawing from several unprofitable routes from its Lima, Perú hub, while strengthening its…

Avianca Announces Strategic Shift Towards Profitability

As part of its strategic plan towards improving its financial performance, South American carrier Avianca continues to work to better optimize operations, axing underperforming routes, simplifying the airline’s fleet and divesting non core assets in the airline’s portafolio. The new strategic plan, labeled as “Avianca 2021” comes after changes in…

Avianca Announces Strategic Shift Towards Profitability

As part of its strategic plan towards improving its financial performance, South American carrier Avianca continues to work to better optimize operations, axing underperforming routes, simplifying the airline’s fleet and divesting non core assets in the airline’s portafolio. The new strategic plan, labeled as “Avianca 2021” comes after changes in…