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The company Abra Group, which encompasses Avianca, GOAL and inversion in Let's go, reported an increase in profit during the second quarter of 2026.
Abra Group, leading air transport group in Latin America and parent company Avianca and Gol, reported its operational progress during the second quarter of 2026, driven by strong travel demand, the strategic expansion of its international network and the continuous improvement of the customer experience.
During the quarter, the airlines of Abra transported 17.6 million passengers, an increase of 4.3% compared to the same period of the previous year. The group also strengthened its presence in key markets in the region, operating a network of more than 370 routes that connect more than 145 destinations in 27 countries.
"We continue to implement our vision of strengthening connectivity in Latin America and creating new travel opportunities for millions of people", said Adrian Neuhauser, CEO of Abra. «During the second trimester, we maintained our focus on disciplined operational execution, as we continue to advance our strategic priorities. “A solid liquidity position allowed us to successfully overcome seasonal and macroeconomic difficulties.”.
Abra's profit grew
The Group generated operating income of 2.600 million dollars during the second quarter, which represents an increase in 17,7% compared to the same period of the previous year. Passenger revenues reached 2.100 millions of dollars, thanks to solid demand, Rigorous commercial execution and network expansion in key markets.
The cargo business and other businesses generated revenues worth 448 millions of dollars, a 14,8% more than the previous year. Cargo volume increased by almost 16%, driven by strong performance in both cargo and passenger aircraft operations.
in addition, loyalty programs (Smiles y LifeMiles) continued to expand, thanks to the growing participation of members throughout the Group.
As fuel prices remained high during the quarter, Abra implemented a comprehensive mitigation strategy focused on fuel risk coverage, rigorous capacity management, business recovery and cost efficiency. The Group successfully recovered the 49% of the increase in fuel costs, generated savings worth 70 million dollars and obtained additional synergies worth 75 million dollars during the period, underscoring its ability to navigate a volatile environment while continuing to execute its long-term growth strategy.
Abra maintained a solid liquidity position of 2.060 millions of dollars, equivalent to 19,6% of income for the last twelve months, including 1.400 millions of dollars in cash and short-term investments, which provided financial flexibility in a volatile environment.
Key milestones
- Signing of memorandums of understanding with Air Canada and Etihad Airways, that create opportunities to strengthen connectivity between America, Middle East and Asia.
- Reinforcement of Abra's long-term fleet strategy through agreements with Embraer and CFM International, that support future growth, Greater operational efficiency and network expansion throughout the region.
- Significant advances in customer experience thanks to improvements in its premium products and loyalty platforms.
- During the quarter, Avianca presented Magno, the highest elite level of the LifeMiles program, while INSIGNIA, the premium onboard experience offered by Gol and Avianca, expanded to additional international routes. On the whole, These initiatives strengthen the group's premium travel proposal and deepen the relationship with the client..
- Regulatory approvals in Brazil, Chile and Peru for the proposed merger with Sky Airline represent an important step to advance the transaction.
With approximately 48 million members in its loyalty program, a fleet of more than 300 aircraft and operations in Latin America, North America, Europe and other regions, Abra continues to consolidate itself as one of the leading aviation platforms in the region, connecting people, businesses and communities around the world.
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