Avianca Group International (AVIANCA) Corporate Presentation summary

Market leadership and network

• Holds leading seat share in core markets of Colombia, Central America, and Ecuador, with dominance at Bogota's El Dorado Airport and strong connectivity across Latin America and major global destinations.

• Operates a geographically diversified network with 81 destinations and a profitable mix of hub and point-to-point routes, supporting continued growth and increased aircraft utilization.

• Benefits from secular tailwinds in core markets, including rising GDP per capita, a growing middle class, and increasing air travel preference.

Cost structure and operational excellence

• Achieved a sustainable lower cost profile through strategic initiatives such as fleet simplification, cabin reconfiguration, and process optimization, resulting in a 37% reduction in passenger CASK ex-fuel since 2019.

• Maintains a cost advantage over Latin American and US legacy peers, with a 3.9¢ passenger CASK ex-fuel, approximately 18% lower than regional competitors.

• Demonstrates industry-leading operational metrics, including on-time performance, schedule completion, and low mishandled baggage rates.

Customer value proposition and ancillary growth

• Offers customizable cabin experiences, a wide array of buy-on-board options, and premium services in both narrow- and wide-body aircraft.

• Ancillary revenue grew 50% year-over-year in 2023, now representing 29% of total passenger revenue, driven by fare unbundling and expanded offerings.

• Provides a robust loyalty program (LifeMiles) with 14.3 million members, 350+ partners, and strong co-branded credit card penetration, contributing significantly to gross billings and customer engagement.