Aerolineas Argentinas Cuts Workforce, Routes in Bold Move to Secure Private Investment and Achieve Financial Independence

The airline, under state ownership since 2008, posted its first profits in 2023 after years of financial losses exceeding $8 billion. To further enhance efficiency, the carrier made modest yet impactful changes, such as reducing inflight snack offerings, which reportedly saved over $500,000 annually.

Speculation about the airline's future heightened in late 2024 as interest emerged from a major aviation group in Latin America. Industry sources indicate that the group is conducting a detailed evaluation of Aerolineas Argentinas to explore potential acquisition opportunities, aligning with a broader trend of consolidation in the regional aviation sector.