MercoPress. South Atlantic News Agency
Aerolineas Argentinas admits to annual losses of 250 million dollars
Argentina’s flag carrier Aerolíneas Argentinas will have this year an operational deficit of 250 million dollars, approximately 12% of sales, but a sharp decrease from the 640 million loss last year, said CEO Mariano Recalde addressing Senate Budget, Finance, Infrastructure, Housing and Transport committees. Read full article
Comments
Disclaimer & comment rulesTransparency = parasites?
Sep 13th, 2013 - 04:15 am - Link - Report abuse 0Someone needs to look in the mirror.
How did they achieve this reduction in losses? Flying less planes?
Sep 13th, 2013 - 04:28 am - Link - Report abuse 0@2 More agreeable accountants?
Sep 13th, 2013 - 05:03 am - Link - Report abuse 0Still no published accounts !
Sep 13th, 2013 - 05:05 am - Link - Report abuse 0Here's a great idea.... Stop La Campora from taking it's “cut” and you never know, the company might actually be able to turn a profit.
Sep 13th, 2013 - 06:38 am - Link - Report abuse 0They employ a ridiculous number of people for the size of the airline. Most probably all La Campora supporters.
Sep 13th, 2013 - 06:40 am - Link - Report abuse 0And since they don't publish accounts the number quoted can only be considered fictitious.
They wont win in october. Its a fact.
Sep 13th, 2013 - 06:55 am - Link - Report abuse 0Dont care of this.
Less than ONE MILLION per day? Lying bastards.
Sep 13th, 2013 - 07:03 am - Link - Report abuse 0We know it was TWO million a day and Simon68 has evidence it is now actually THREE million a day.
ONE THOUSAND AND NINETY FIVE MILLION in a year.
Stunning amount of robbery going on here!
I think their annual losses are at least double.
Sep 13th, 2013 - 08:38 am - Link - Report abuse 0What's their incentive to be profitable?
Sep 13th, 2013 - 08:53 am - Link - Report abuse 0None
There is your answer of what will happen going forward.
How they are going to get new long haul planes to replace the 30yr old ones they are using now is going to be troubling.
I imagine sometime in the very near future AR will only be flying domestically.
The little problem with the Embraer jets they have is they are not meant to fly the longer hauls they've been using them for so life expectancy will quickly run out before the lease does.
If it's main purpose is to be a conduit for funding La Campora, AA will always have high losses.
Sep 13th, 2013 - 10:14 am - Link - Report abuse 0Recent losses per day are likely higher with the run up to the election, increased activities and “expenses” for La Campora personnel, new masks for “peaceful protestors” outside the Opera House, Peron “thank you” to Paraguay.
Do we believe this figure ?
Sep 13th, 2013 - 10:34 am - Link - Report abuse 0Any international investor doesn't take any notice of the rubbish that is spouted from the Argentinian Government. It makes no business sense.
Hands up those willing to get on an AR aircraft? I don't mind. As long as it's not planning to try to take off. Don't forget that if you're planning to board, you're “stake” is your life. This is the airline that “flies” on whatever money is left after the creamcakes and doughnuts have been purchased. Why doesn't any argie politician fly AR?
Sep 13th, 2013 - 10:41 am - Link - Report abuse 0@13
Sep 13th, 2013 - 02:55 pm - Link - Report abuse 0“Hands up those willing to get on an AR aircraft”
If the cabin crew passed round one of Maximo's pies by mistake and it was eaten, I wouldn't fancy being kicked out the back into the South Atlantic for stealing his gut luggage, but then again it might be safer than staying inside the aircraft.
Perhaps easy jet or another cheap low cost European airline could help them out,
Sep 13th, 2013 - 03:24 pm - Link - Report abuse 0Or they could go back to bi-planes..lol
.
Most argentinians use Austral where possible.
Sep 13th, 2013 - 05:17 pm - Link - Report abuse 0wow people are you working extra hours?
Sep 13th, 2013 - 06:24 pm - Link - Report abuse 0@17 Any comment about the article?
Sep 13th, 2013 - 06:34 pm - Link - Report abuse 0Britain
Sep 14th, 2013 - 03:01 pm - Link - Report abuse 0Is always willing to help others, who try to help themselves,
But some don’t want or need any help,
They are far too busy covering up their very own incompetence and corruption, plus the lying.
Still,
Argentina could try a little harder perhaps..
.
The article omits that recalde's presentation before the congress was his own iniciative.
Sep 14th, 2013 - 03:43 pm - Link - Report abuse 0Anyway, it's interesting that all those detractors of kirchnerism who often insult aerolineas, arguing that it has a big deficit, now they can know that along the years it has diminished from 850 millions in 2011, to 250 millions in 2013 thanks to recalde's administration.
On the other hand, it would be interesting to say also that since it has been re-nationalised by the state, it could recover destinies which had been lost during private administrations, beside it bought new planes in order to renew austral's fleet. Another important point is that not only flies it to profitable destinies like iguazu, bariloche, córdoba or mendoza, but also flies it to all those places which aren't considered like profitable, because the main function of a statal airline, is to keep united such a big country like argentina.
Anyway, i don't deny that maybe recalde committed mistakes in his administration, but it's not honest to invalid all the achievements that aerolineas could have thanks to the ideas of his team, just because he comes from la campora, like some misserable people do.
Axel
Sep 14th, 2013 - 06:50 pm - Link - Report abuse 0My country is bigger and less populated.
And yet is better connected by flights without billions in taxpayers dollars.
But don't worry! Even though I probably earn at least 10x your nominal salary, I hope to take advantage of your government's misplaced priorities and use your hard earned tax dollars to subsidies my next holiday.
Considering the price difference, your government will pay me almost US$1,000.
So ponder what US$1,000 could do in Argentina and then think about how inept your government is that it sees fit to transfer that wealth to my country.
Also two friends of mine are flying to Argentina next month on Aerolíneas. They're both engineers. So their subsidy is about US$2,000. How galling for you and your ideology when their combined income is probably in the US$250,000 range.
Cristina is so generous.
Axel
Sep 14th, 2013 - 08:18 pm - Link - Report abuse 0“Anyway, i don't deny that maybe recalde committed mistakes in his administration, but it's not honest to invalid all the achievements that aerolineas could have thanks to the ideas of his team, just because he comes from la campora, like some misserable people do.”
Money pours into that airline, run by the mistaken La Campora.
Canada has far more land area than Argentina, with most of the population within 100 miles of the US border.
In other words, no density and profit for most of the country's destinations.
Westjet, private, is very profitable and competes on most of the same routes.
Air Canada, National Carrier, services the “non-profitable” routes of Canada'a North. Yet it can make money too, with Premium service levels.
Aerolineas Argentinas will always be a black hole as everything the government does, for one very good reason. Consider that half the workforce, even more, needs to be sacked in order for the company to be profitable. Since it's state-owned, the employees can't be sacked. But what if it's privatized and the new owners agree to sack all the parasites?
Sep 14th, 2013 - 10:19 pm - Link - Report abuse 0Well, it's GAME OVER for whoever had the balls to even attempt this, because the employees of Aerolines Argentinas, as well as all the other public employees and the Peronist trade unions will join forces to overthrow the government and probably even cause a civil war. Alfonsin got 13 NATIONAL STRIKES for just trying to weaken the trade unions, good luck trying to clean up shop anywhere in the government.
23 MagnusMaster
Sep 15th, 2013 - 08:28 am - Link - Report abuse 0So what you are saying is that Argentina is fucked, well and truly until death “kills you”.
The point is that AR does not produce accounts. The numbers are made up and cannot be independently verified.
Sep 15th, 2013 - 05:50 pm - Link - Report abuse 0“ Recalde emphasized that the session was arranged out of his own volition”.... so what? He willingly lied.
AR is ridiculously overstaffed. The pilots fly an average of 15 hours per month. Typically an airline pilot flies 60 hours per month.
@ 21 Anglotino
Sep 17th, 2013 - 07:44 am - Link - Report abuse 0'Axel
My country is bigger and less populated.
And yet is better connected by flights without billions in taxpayers dollars.
But don't worry! Even though I probably earn at least 10x your nominal salary, I hope to take advantage of your government's misplaced priorities and use your hard earned tax dollars to subsidies my next holiday.
Considering the price difference, your government will pay me almost US$1,000.
So ponder what US$1,000 could do in Argentina and then think about how inept your government is that it sees fit to transfer that wealth to my country. '
You're game..... last time I flew AR was 9 years ago.... BA to Santiago.... flight was 4 or 5 hours late and when they eventually bused us out to a 'plane they put us all on one heading for São Paulo.... and the São Paulo passos were bused out to the Santiago 'plane....
The delay was down to a nonfunctioning altimeter.... a handy bit of kit to have when flying over the Andes.
There is a reason things are cheap...... the word 'nasty' comes to mind....
Let us not forget the abandoned flight when the pilots were fighting in the cockpit.
Sep 17th, 2013 - 07:58 pm - Link - Report abuse 0“Aerolineas the worst airline in Argentina... ”
Sep 18th, 2013 - 06:41 am - Link - Report abuse 0http://wanderingtrader.com/argentina-travel-tips/airlines-in-argentina-what-you-need-to-know/
TROY TOMPEST. ANGLOTINO.
Sep 21st, 2013 - 07:49 pm - Link - Report abuse 0I praise the fact that although we gave ideological differences, unless you expressed your opinions without insulting, it's something that doesn't happen all the time in this website.
My question is, what do you think that aerolineas should do in order to provide a good service, and to be profitable.
Aerolineas' plan is not have deficit in a few years, in fact, it has been diminishing since it was re-nationalised, but beyond this purpose, all the nation must remain connected unless by our statal airline. We all know that private airlines just travel to profitable destinies, thats' why the main role of a statal airline, aims to comply a social function, i know that perhaps you don't care about it, but the actual context of the country needs a statal airline, maybe the day that argentina becomes into a develped nation it won't be necesary this kind of airline anymore, but now we need it.
Axle Argie
Sep 21st, 2013 - 09:47 pm - Link - Report abuse 0Why are you asking me how to run an airline. I am not an expert, and neither are La Campora.
Yet you put them in charge.
Money pours into that airline, run by the mistaken La Campora.
Canada has far more land area than Argentina, with most of the population within 100 miles of the US border.
In other words, no density and profit for most of the country's destinations.
Westjet, private, is very profitable and competes on most of the same routes.
Air Canada, National Carrier, services the “non-profitable” routes of Canada'a North. Yet it can make money too, with Premium service levels.
Other countries run their airlines as 'airlines' with competent professionals in charge, instead of as a handout to loyal Campora and Peronists.
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