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An Avianca A321 prepares for its next flight at LAX. (Photo: AirlineGeeks | William Derrickson)

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’s board of directors. In May, United, who is working for closer integration with Avianca and Copa, removed troubled executive German Efromovich as chairman of Avianca Holdings, after defaulting a…

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…