Aerolíneas Argentinas achieves financial balance after 16 years of deficits

07-04-25

Aerolíneas Argentinas has reached a historic milestone by achieving financial balance for the first time since its renationalization in 2008. The company closed 2024 with an operating surplus of $20.2 million, marking the end of an era during which it averaged annual deficits of $400 million and required nearly $8 billion in state transfers over 16 years.

This result is attributed to a combination of strategic measures implemented by the current management, led by Fabián Lombardo. These include a reduction in workforce through voluntary retirements, restructuring of routes to eliminate unprofitable segments, and digitalization of ticket sales, which optimized revenue and reduced operating costs.

In addition, the company managed to reduce its consolidated debt in U.S. dollars by 25% without impacting its cash flow, further strengthening its financial position. This financial balance means that, in 2025, Aerolíneas Argentinas will operate without requiring funds from the National Treasury, sustaining its entire operation through its own revenues.

This achievement is particularly relevant in the context of President Javier Milei’s policies, which include plans to privatize state-owned enterprises such as Aerolíneas Argentinas. The improvement in the airline's financial health could influence the ongoing debate about its future, demonstrating the viability of efficient management under public ownership.

The figures are currently being audited by the National Audit Office and international consulting firm KPMG, with official confirmation expected in the coming months. Meanwhile, Aerolíneas Argentinas is positioning itself as a valuable and self-sustaining asset, capable of assessing all future alternatives without financial constraints.

This financial turnaround is not only a success for the airline but also an example of how state-owned companies can achieve efficiency and self-sustainability through strategic and responsible management.

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