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Aerolineas Argentinas could become profitable in four years time

Thursday, September 22nd 2016 - 10:46 UTC
Full article 13 comments

Aerolineas Argentinas CEO revealed that the flag-carrier is increasing passenger numbers and could become profitable in four years but losses keep piling, an estimated one billion dollars this year, which comes upon a one to two million dollars daily losses during most of the decade. Read full article


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  • ElaineB

    If the money is not being funnelled into La Campora I guess it could be.

    Sep 22nd, 2016 - 01:18 pm - Link - Report abuse 0
  • Marti Llazo

    No one should have any doubt that the previous (Kirchnerista) operation of Aerolíneas was massively corrupt. There was a huge excess of personnel, something like 20 percent more than were actually needed. And employees were forced to contribute 5% of their salaries to La Cámpora and those who objected were typically suspended. And then the shady connection between Aerolíneas and the Kirchner money-laundering hotel operations in Calafate..... Aerolíneas can't seem to find the documents to support CFK's claims about how many airlines personnel actually stayed there...... certainly a lot fewer than were so falsely claimed.

    Sep 22nd, 2016 - 02:22 pm - Link - Report abuse 0
  • Kanye

    “Aerolineas Argentinas acknowledged that the airline was missing some basic elements of any normal company such as a budget, targets and performance and sales”

    Evita K added 3,000 employees, and the company spokesperson says they don't know what those employees did.

    “President Macri's administration believes that Aerolineas Argentinas gobbled more funds than what was invested in education in some of Argentina's poorest provinces.”


    Sounds like Evita K cared more for La Campora Noqui's than child education and the poor.

    Only Evita's “elite” could afford flights, but they were well served by the heavily subsidised airline.

    Sep 22nd, 2016 - 02:30 pm - Link - Report abuse +1
  • ChrisR

    Would any non-Argentine actually fly on this carrier?

    HA, HA, HA.

    Sep 22nd, 2016 - 06:31 pm - Link - Report abuse 0
  • Briton

    Is it true, that the passengers have to push it down the runway, to save fuel,

    just asking like.

    Sep 22nd, 2016 - 07:30 pm - Link - Report abuse +1
  • Marti Llazo

    @4 “Would any non-Argentine actually fly on this carrier?”

    Actually, yes. The service is decent even if the management is (was) corrupt. But then LAN Chile wasn't exactly the portrait of good behaviour, either.

    Big dispute going on right now in some corners because Aerolíneas is buying their fuel from Shell instead of YPF and that has gotten the Kirchnerist knickers all in a knot.

    Sep 22nd, 2016 - 10:13 pm - Link - Report abuse +1
  • Kanye

    What aren't they in a twist about?

    Still, you can be sure that somebody is losing out on some cozy back room deals.

    Sep 23rd, 2016 - 12:28 am - Link - Report abuse +1
  • ElaineB

    @2 I have no doubt about the corruption and money laundering. I have been posting about it for years and visited the hotel 'fully booked' to Aerolineas employees but empty. No doubt at all about the way money has been laundered through state owned businesses and CFK owned businesses.

    I once sat next to an ex-Aerolineas pilot on a flight (yes, in business) and he told me the pilots fly on average 20 hours per month. Most airlines would expect around 100 hours per month. He also commented on the sheer number of people employed who did nothing but support the government.

    Sep 23rd, 2016 - 08:37 am - Link - Report abuse +1
  • chronic

    100 hours a month, huh ?


    Sep 25th, 2016 - 02:52 pm - Link - Report abuse -1
  • Marti Llazo

    “100 hours a month?”

    The commercial airline pilot I know from school days, now working in the US, told me that they cannot fly more than 100 hours per calendar month and typically senior pilots might get about 80 flying hours a month, but they have to work in unpaid status on the ground for additional hours (preflight checks and whatnot) . They also can't work (flying) more than 30 hours per 7-day week under US domestic flying regulations. FWIW.

    If we are to believe the media reports here, Aerolíneas has over 33 pilots per commercial aircraft, while the average in the civilised nations in around one-third that number (IATA numbers). Supposedly when Aerolíneas was nationalised in 2008 it had 920 pilots, and by 2012 Kirchnerism had swelled that number to almost 1400.

    Sep 27th, 2016 - 09:15 pm - Link - Report abuse +1
  • chronic

    There's a reason for that.

    They're capped at 1,000 hours per year.

    The ignorant ole bat is clueless.

    Most carriers end up following some version of the FAA regs.

    Senior pilots get there fill but for others it's a different matter.

    Sep 28th, 2016 - 09:36 am - Link - Report abuse -1
  • ChrisR

    @ 11 chronic

    Which “ignorant ole bat” do you mean? :o)

    Sep 28th, 2016 - 12:12 pm - Link - Report abuse 0
  • chronic

    Sep 29th, 2016 - 01:08 am - Link - Report abuse -1

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