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Wednesday, March 29, 2023

Aerolíneas Argentinas foresees a reduction in its operating deficit

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According to this Action Plan, Aerolíneas Argentinas will maintain an investment plan that “for the most part will be allocated to the maintenance of the fleet’s engines, necessary to optimize it, as well as to maintain the capital value. Additionally, there are investments in order to improve the operating spaces and the competitiveness of the company”. On the other hand, the company reported that “a staffing similar to that at the end of the year will be maintained.”

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Regarding future prospects, the Action Plan details that “the scenario for the year 2023 shows a full recovery of domestic traffic and slightly less for international traffic compared to the year prior to the pandemic caused by the covid-19 virus. Our role as Flag Airline requires us to be a fundamental tool for the economic, social and cultural development of our country”.

In any case, the same report clarifies: “Although there is a market recovery, the war that broke out in 2022 between Russia and Ukraine resulted in an increase in the price of aviation fuel; at the same time that the global inflationary process affected the increase in costs in dollars, impacting on profitability. Due to the aforementioned, commercial strategies are foreseen to achieve the maximization of income”.

Regarding this strategy, the president of Aerolíneas Argentinas, Pablo Ceriani, highlighted yesterday during a sectorial congress that “Aerolíneas is investing heavily in aircraft maintenance, not only for our aircraft, but to be able to provide this service to third parties, thus improving the company’s income.

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Regarding the renewal of the fleet, Ceriani anticipated that “initially we are going to have a fleet of 10 Airbus 330 again and the idea is to get to 12, since we have a couple of planes that will retire in 2025-2026, so that by then we would go out looking for four Airbus 330 Neo to have a fleet of 8 A330 Classic and 4 330 Neo”.

Source: Ambito

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