Cargo revenues up at Avianca

   During the first quarter, Avianca Holdings experienced a 6.7-percent increase in cargo revenues, compared to the same period last year, as total operating revenues for the company dropped by 1.7-percent, year-over-year, to $1.1 billion.
   Despite a 3.3-percent rise in passenger traffic, Avianca experienced a 2.2-percent decline, year-over-year, in passenger revenue due to lower yields.
   Capacity increased during the first quarter due to a market expansion and the use of larger passenger aircraft.