Avianca Holdings S.A. (Translation of Registrant’S Name Into English)

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Avianca Holdings S.A. (Translation of Registrant’S Name Into English) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of February, 2019. Commission File Number 001-36142 Avianca Holdings S.A. (Translation of registrant’s name into English) Aquilino de la Guardia Calle No. 8, Panama City, Republic of Panama (+507) 205-600 (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☒ Form 40-F ☐ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐ Bogotá D.C., February 22, 2019 MATERIAL INFORMATION Avianca Holdings S.A. informs that it has published on its website www.aviancaholdings.com its earnings release for the fourth quarter of 2018 and its consolidated financial statements as of December 31, 2018 and 2017 and for each of the years ended December 31, 2018 and 2017. Enclosures: Exhibit 99.1 – Consolidated financial statements as of December 31, 2018 and 2017 and for each of the years ended December 31, 2018 and 2017. For further information please contact: Avianca Investor Relations + 571-5877700 ext. 2474, 1349 [email protected] ABOUT AVIANCA HOLDINGS S.A. The terms “Avianca Holdings” or “the Company” refer to the consolidated entity. The original source-language text of this announcement is the official, authoritative version, Translations are provided as an accommodation only, and should be cross-referenced with the source-language text, which is the only version of the text intended to have legal effect. Avianca Holdings S.A. (NYSE: AVH) (BVC:PFAVH) comprises the airlines: Aerovías del Continente Americano S.A.—Avianca, Tampa Cargo S.A., incorporated in Colombia, Aerolineas Galapagos S.A.—Aerogal, incorporated in Ecuador, and the TACA Group companies: TACA International Airlines S.A., incorporated in El Salvador, Lineas Aereas Costarricenses S.A.—LACSA, incorporated in Costa Rica, Transamérican Airlines S.A.—TACA Perú, incorporated in Perú, Servicios Aéreos Nacionales S.A.—SANSA, incorporated in Costa Rica, Aerotaxis La Costeña S.A., incorporated in Nicaragua, and Isleña de Inversiones S.A. de C.V.—ISLEÑA, incorporated in Honduras. +571 587 77 00 – 2474, 1349 [email protected] SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: February 22, 2019 AVIANCA HOLDINGS S.A. By: /s/ Renato Covelo Name: Renato Covelo Title: Vice President Senior General Counsel Exhibit 99.1 AVIANCA HOLDINGS S.A. AND SUBSIDIARIES (Republic of Panama) Consolidated financial statements As of December 31, 2018 and 2017 and for each of the years ended December 31, 2018 and 2017 1 AVIANCA HOLDINGS S.A. AND SUBSIDIARIES (Republic of Panama) Consolidated Statement of Financial Position (In USD thousands) As of As of December 31, December 31, Notes 2018 2017 Assets Current assets: Cash and cash equivalents 7 $ 273,108 $ 508,982 Restricted cash 7 4,843 5,465 Trade and other receivables, net of expected credit losses 8 288,157 226,015 Accounts receivables from related parties 9 6,290 17,204 Current tax assets 31 231,914 114,361 Expendable spare parts and supplies, net of provision for obsolescence 10 90,395 97,248 Prepayments 11 99,864 99,757 Deposits and other assets 12 89,773 201,984 Total current assets 1,084,344 1,271,016 Assets held for sale 15 31,580 — Non – current assets: Deposits and other assets 12 115,504 116,400 Trade and other receivables, net of expected credit losses 8 35,503 4,115 Non current taxes assets 31 19 136,301 Intangible assets and goodwill, net 14 513,803 426,579 Deferred tax assets 31 24,573 25,969 Property and equipment, net 13 5,298,450 4,881,016 Total non–current assets 5,987,852 5,590,380 Total assets $ 7,103,776 $ 6,861,396 See accompanying notes to Consolidated financial statements 2 AVIANCA HOLDINGS S.A. AND SUBSIDIARIES (Republic of Panama) Consolidated Statement of Financial Position (In USD thousands) As of As of December 31, December 31, Notes 2018 2017 Liabilities and equity Current liabilities: Short-term borrowings and current portion of long-term debt 16 $ 626,742 $ 572,072 Accounts payable 17 506,568 263,245 Accounts payable to related parties 9 2,827 7,187 Accrued expenses 18 120,894 186,657 Current tax liabilities 31 252,708 263,719 Provisions for legal claims 32 7,809 11,720 Provisions for return conditions 19 2,475 19,093 Employee benefits 20 44,663 38,706 Air traffic liability 21 424,579 454,018 Frequent flyer deferred revenue 21 186,378 85,207 Other liabilities 22 3,861 9,415 Total current liabilities 2,179,504 1,911,039 Non – current liabilities: Long–term debt 16 3,380,838 3,180,041 Accounts payable 17 7,127 5,084 Provisions for return conditions 19 127,685 144,099 Employee benefits 20 110,085 135,640 Deferred tax liabilities 31 18,437 25,814 Frequent flyer deferred revenue 21 234,260 104,786 Other liabilities 22 68,246 15,193 Total non–current liabilities 3,946,678 3,610,657 Total liabilities $ 6,126,182 $ 5,521,696 Equity: 23 Common stock 82,600 82,600 Preferred stock 42,023 42,023 Additional paid–in capital on common stock 234,567 234,567 Additional paid–in capital on preferred stock 469,273 469,273 Retained earnings 381,280 587,989 Other comprehensive income (54,156) (802) Equity attributable to owners of the Company 1,155,587 1,415,650 Non–controlling interest (177,993) (75,950) Total equity 977,594 1,339,700 Total liabilities and equity $ 7,103,776 $ 6,861,396 See accompanying notes to Consolidated financial statements 3 AVIANCA HOLDINGS S.A. AND SUBSIDIARIES (Republic of Panama) Consolidated Statement of Comprehensive Income (In USD thousands, except per share data) For the year ended December 31, Notes 2018 2017 2016 Operating revenue: Passenger $4,079,939 $3,550,160 $3,285,217 Cargo and other 5, 25 810,891 891,524 853,121 Total operating revenue 4,890,830 4,441,684 4,138,338 Operating expenses: Flight operations 153,615 92,471 58,381 Aircraft fuel 1,213,411 923,468 785,273 Ground operations 474,802 450,209 426,203 Aircraft rentals 32 267,708 278,772 314,493 Passenger services 188,713 166,869 151,718 Maintenance and repairs 206,454 280,536 260,703 Air traffic 269,631 242,587 218,965 Selling expenses 530,930 515,073 545,318 Salaries, wages and benefits 760,758 706,778 661,708 Fees and other expenses 203,304 177,864 187,560 Depreciation, amortization and impairtment 13,14 389,388 313,413 269,546 Total operating expenses 4,658,714 4,148,040 3,879,868 Operating profit 232,116 293,644 258,470 Interest expense (212,294) (183,332) (172,630) Interest income 10,115 13,548 13,054 Derivative instruments (260) (2,536) 3,321 Foreign exchange 6.c (9,220) (20,163) (23,939) Equity method profit 899 980 — Profit before income tax 21,356 102,141 78,276 Income tax expense – current 31 (27,151) (35,159) (27,448) Income tax expense – deferred 6,938 15,050 (6,642) Total income tax expense (20,213) (20,109) (34,090) Net profit for the year $ 1,143 $ 82,032 $ 44,186 Basic earnings per share 25 Common stock $ (0.025) $ 0.05 $ 0.04 Preferred stock $ (0.025) $ 0.05 $ 0.04 See accompanying notes to Consolidated financial statements 4 AVIANCA HOLDINGS S.A. AND SUBSIDIARIES (Republic of Panama) Consolidated Statement of Comprehensive Income (In USD thousands, except per share data) For the year ended December 31, Notes 2018 2017 2016 Net profit for the year $ 1,143 $ 82,032 $44,186 Other comprehensive income (loss): Items that will not be reclassified to profit or loss in future periods: 23 Revaluation of administrative property (30,963) 31,017 8,971 Remesurements of defined benefit liability (9,039) (33,385) 4,094 Income tax (39) (15,018) 4,289 (40,041) (17,386) 17,354 Items that will be reclassified to profit or loss in future periods: 23 Effective portion of changes in fair value of hedging instruments (13,701) 6,385 21,712 Net change in fair value of financial assets with changes in OCI (328) 19 (245) Income tax — 3,558 (3,558) (14,029) 9,962 17,909 Other comprehensive (loss) income, net of income tax (54,070) (7,424) 35,263 Total comprehensive (loss) income net of income tax $(52,927) $ 74,608 $79,449 Profit attributable to: Equity holders of the parent $(24,803) $ 48,237 $16,980 Non–controlling interest 25,946 33,795 27,206 Net profit $ 1,143 $ 82,032 $44,186 Total comprehensive (loss) income attributable to: Equity holders of the parent (78,612) 40,813 52,243 Non–controlling interest 25,685 33,795 27,206 Total comprehensive (loss) income $(52,927) $ 74,608 $79,449 See accompanying notes to Consolidated financial statements. 5 AVIANCA HOLDINGS S.A. AND SUBSIDIARIES (Republic of Panama) Consolidated Statement of Changes in Equity (In USD thousands) Equity Additional paid-in capital Other comprehensive income attributable to Non- Common Preferred Common Preferred OCI Retained owners of the controlling Total Notes Stock Stock Stock Stock Reserves Revaluation earnings Company interest equity Balance at January 31, 2016 $ 82,600 $ 42,023 $ 234,567 $ 469,273 $ (46,580) $ 18,394 $ 553,712 $ 1,353,989 $ 18,646 $1,372,635 Net profit — — — — — — 17,149 17,149 27,037 44,186 Other comprehensive income 23 — — — — 26,123 8,971 — 35,094 169 35,263 Dividends decreed — — — — — — (5,723) (5,723) (26,100) (31,823)
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