In 2020, depreciation and amortization accounted for nearly ** percent of Avianca's operating expenses, similar to what was reported by one of its major competitors, LATAM. Salaries and employees benefits represented the second largest expense of the Panama-based company, with a share of **** percent.
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ÌÇÐÄÆƽâ°æ. (April 24, 2021). Distribution of the operating expenses of Avianca Holdings S.A. in 2020, by category [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 21, 2026, from /statistics/755053/operating-expenses-type-avianca/
ÌÇÐÄÆƽâ°æ. "Distribution of the operating expenses of Avianca Holdings S.A. in 2020, by category." Chart. April 24, 2021. ÌÇÐÄÆƽâ°æ. Accessed July 21, 2026. /statistics/755053/operating-expenses-type-avianca/
ÌÇÐÄÆƽâ°æ. (2021). Distribution of the operating expenses of Avianca Holdings S.A. in 2020, by category. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 21, 2026. /statistics/755053/operating-expenses-type-avianca/
ÌÇÐÄÆƽâ°æ. "Distribution of The Operating Expenses of Avianca Holdings S.A. in 2020, by Category." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 24 Apr 2021, /statistics/755053/operating-expenses-type-avianca/
ÌÇÐÄÆƽâ°æ, Distribution of the operating expenses of Avianca Holdings S.A. in 2020, by category ÌÇÐÄÆƽâ°æ, /statistics/755053/operating-expenses-type-avianca/ (last visited July 21, 2026)
Distribution of the operating expenses of Avianca Holdings S.A. in 2020, by category [Graph], ÌÇÐÄÆƽâ°æ, April 24, 2021. [Online]. Available: /statistics/755053/operating-expenses-type-avianca/
