Income 2017 of the airlines operating in Ecuador

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Thanks to Cecilio Moreno and Vistazo Magazine, we bring the income analysis 2017 of the airlines operating in Ecuador between international and domestic.

After two years in a row with low sales, the air transportation sector, increased their income by 1 percent in 2017. The seven companies in the ranking invoiced 701 millions of dollars, six million more than 2016. Although four airlines still register contraction.

The State Tame retained first place with 156 million dollars in sales, 6 percent less than 2016.

Mobilized 1,6 millions of passengers using 8 planes, four less than in 2016. They closed three routes (Guayaquil – Cuenca, Guayaquil – Latacunga and Quito – Havana), and at the beginning of this year (Quito – Caracas). Thus, the average seat occupancy rose to 79 percent, 13 points more than the previous year.

Its Achilles heel is profitability: For every passenger the airline lost 41 Dollars. Throughout the year they added 67 millions. to save her, The Ministry of Finance had to throw him a parachute 50 millions, in February this year.

The Chilean-Brazilian continues in second position LATAM Ecuador, with a decrease in 5 percent. The first occupation was 83 percent, four more points about 2016. In July it implemented a new model of four types of rates that, according to them, allows you to save up to 40 percent the value of the ticket.

At the same time they released «LATAM Market» for sale of food on board and new uniforms for its crew members. In November they increased by 70 percent the offer of seats between Quito and Cuenca and 26 percent between Guayaquil and Quito.

This year, say their spokespersons, The expansion of frequencies and new routes will continue (Manta and Coca in the spotlight).

Those who rose the fastest were the Colombian Avianca and the Panamanian Copa. The first to leave its previous company name (Aerogal), occupies third place with 127 millions. On 2017 increased the offer of seats with the incorporation of another Airbus A320. transported 1,2 million passengers in 12.400 flights.

While Copa Airlines came to 92 millions of dollars in the country. Its spokespersons detail that the results were based on a policy of cost control and prudence in investments.. For 2018 announce the arrival of the modern Boeing 737 MAX.

Finally, the surprise in the sector was the entry of Tampa Cargo (Avianca Cargo), air cargo transportation company. Came to 34 millions 13 percent increase in sales.

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