Overview

• Aerolíneas Argentinas informed the Ministry of Economy that it will not request state transfers in 2025, marking a major milestone in its financial turnaround.
• Between 2008 and 2023, the airline received approximately $8 billion in state subsidies to cover an average annual operating loss of $400 million.
• In 2024, the company achieved an operating surplus of $20.2 million and an economic surplus of AR$156.324 billion, pending audit confirmation by KPMG.
• Cost-cutting measures included a 15% workforce reduction, elimination of 85% of executive roles, closure of 19 branches, and optimization of flight routes.
• Strategic partnerships with Iberia and LATAM expanded connectivity, while lower global oil prices, which constitute 30% of operating costs, supported the improved financial performance.