The Government plans to eliminate flights that it considers detrimental to the balance of Aerolíneas Argentinas.
Within the framework of what the Government calls a “rehabilitation of the company’s balance sheet” To advance its privatization project, Aerolíneas Argentinas decided cancel its project to launch the Córdoba-Asunción route, which was going to be implemented from April of this year. This was reported to Ambit company sources.
The measure is added to the recent decision to suspend the operation to Havana. As of March 7, Aerolíneas Argentinas will stop operating its weekly frequency between Buenos Aires and the capital of Cuba. The company stated that “the change will make it possible to streamline the hours of cabin crew, pilots and other services dedicated to this section. In addition, the quality of service on the route to Cancun“.
The Government’s objective: to close the numbers
“This decision is based on a business analysis that seeks to protect and empower the company and its employees, in addition to strengthening and prioritizing the destinations that are most economically beneficial” and that, in particular, this route “was not commercially sustainable,” they emphasized.
The company confirmed that the route causes losses. The sources indicated that that section It generated losses for the company of more than US$500 thousand during 2023an amount that could have been higher if it were not partly subsidized by the good results of the flights between Buenos Aires and Cancún, one of the routes that brings the greatest profits to the company.
In that sense, they do not rule out that there will be new similar announcements in the coming weeks.
Source: Ambito
