In today’s briefing:
- Avianca – Bridging 2024 Prospects with a Little Help from LATAM
Avianca – Bridging 2024 Prospects with a Little Help from LATAM
- Avianca reached $1,200m EBITDAR in 2023, ahead of our forecast of $1,162m, already exceeding its 2024 target.
- The company does not provide guidance on 2024 profitability but we publish our quarterly bridge analysis and map prospects versus LATAM Group guidance.
- We forecast 10% yoy EBITDAR growth in 2024 on 20% capacity growth, which compares to our forecast of 15% EBITDAR growth at LATAM, which is growing less aggressively.
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