The semi-annual balance of Aerolíneas Argentinas confirms the reduction of the deficit

The semi-annual balance of Aerolíneas Argentinas confirms the reduction of the deficit

The balance sheet, approved by the company’s Board of Directors and audited by the international consulting firm KPMG, gave a negative result of 48 million dollars.

Likewise, it is worth noting that Aerolíneas Argentinas has not received funds corresponding to the budget assigned for this year.

The day of the date, The funds transferred by the National State reach 6 billion pesos, corresponding to the 2022 budget, which is 70% executed.

If the result of 2019, the last year before the pandemic, is taken as a reference, the deficit reduction exceeds 80%, having had a negative result of 667 million dollars during that year.

Semi-annual balance sheets are a practice that aims to improve transparency, efficiency and traceability.

Airlines is on the way to economic sustainability

“It is an excellent result and, projected in the short or medium term, indicates that we are on the way to economic sustainability. Today we have a company with historically low levels of losses, which flies to new destinations, with new federal routes, with more planes and passenger records. This shows that growth is the right way to achieve an economically efficient Aerolíneas Argentinas and with a strategic role in the connectivity and development of the country,” he explained. Pablo Ceriani, title of Argentinian airlines.

In the operational sphere, the accounting report highlights the acquisition of 5 aircraft in the first 6 months of 2023, bringing the operational fleet to 81 aircraft. The 82nd aircraft is expected to join the fleet by September.

During the course of this year, the company has already transported more than 7.7 million passengers and, according to projections, it will far exceed the figure of 12,999,295 passengers transported in 2019.

Source: Ambito

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