US EditionArgentina’s Flagship Airline Won’t Be Subsidized for First Time Since 2008
- On April 30, 2025, Aerolíneas Argentinas announced that, for the first time since its nationalization nearly twenty years ago, it will operate without financial support from the government.
- The shift followed years of financial losses averaging US$400 million annually and US$8 billion in total subsidies between 2008 and 2023, prompting a company turnaround.
- Executives attributed this recovery to workforce reductions of 1,600 employees, elimination of unproductive routes, and closing of physical locations amid an airline industry with high costs and labor strikes.
- Aerolíneas Argentinas reported a US$20.2 million operating profit in 2024, transported 18.4 million passengers last year, and reached an agreement on 'social peace' with unions to boost productivity.
- The development represents a financial evolution welcomed by President Javier Milei, who favors a management overhaul and considers asset transfers to employees or going public amid opposition to privatization.
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Aerolíneas Argentinas: Positive 2024, No 2025 State Funding Plans
Aerolíneas Argentinas informed the Argentinian Ministry of Economy that it will not request fund transfers from the National State in 2025. The flag carrier describes this situation as unprecedented since its 2008 renationalization, although the company itself had already reported positive results and non-utilization of budgeted funds in 2023. According to the company’s current management, this projection for 2025 is based on a series of measure…
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