Segment reporting

12 Months Ended

Dec. 31, 2017

7.	Segment reporting

The Company’s business activities are conducted as one operating segment – Air transportation, the reporting results of which are regularly reviewed by management for purposes of analyzing its performance and making decisions about resource allocations. Information concerning operating revenue by geographic area for the period ended December 31 is as follows (in millions):


	2017		2016		2015
North America	$	610.0	$	638.9	$	559.6
Panama		413.5		371.6		374.2
Central America and the Caribbean		275.3		273.6		289.0
Brazil		363.7		245.4		290.6
Colombia		197.9		146.1		174.2
Others South America		667.2		546.2		566.1

	$	2,527.6	$	2,221.8	$	2,253.7

The Company attributes revenue to the geographic areas based on point of sales. Our tangible assets and capital expenditures consist primarily of flight and related ground support equipment, which is mobile across geographic markets and, therefore, has not been allocated.