Avianca Holdings S.A. Announces Temporary Reduction In Capacity

Avianca Holdings S.A. informs that the Company has taken immediate measures to manage the impact of reduced demand for global air transport resulting from the spread of the Coronavirus (COVID-19) and related government travel restrictions. As such, Avianca Holdings has implemented a short-term plan to adjust capacity, reduce expenses and protect the Company’s liquidity.

In accordance with this plan and in line with the decisions taken across the airline industry, Avianca Holdings S.A. will decrease its capacity between 30% and 40% as of March 14. Additionally, Avianca has further enhanced its strict safety and hygiene protocols to protect the well-being of its passengers, crew and ground personnel.

Avianca is monitoring the situation closely and the respective impact on air travel demand and will continue to provide relevant updates should further capacity adjustments or other liquidity preserving measures need to be implemented.