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Although it reduced losses, the deficit for Airlines was almost US$ 1 million per day in 2022


It totaled the equivalent of US$353 million, according to the head of the company, Pablo Ceriani. "We no longer ask the State for two million a day," he said.

Aerolíneas Argentinas asked the State for subsidies for

353 million dollars

 throughout 2022, according to the numbers that the state airline released this Monday as part of its annual balance.

"Of the 72,000 million pesos in subsidies that we had assigned by the 2022 Budget,

the company received $47,000 million over the past year

," said the head of Airlines, Pablo Ceriani.

The subsidies continued to represent a very high


compared to the airlines against which Aerolíneas competes in the cabotage market, which are paid for by their private shareholders.

Almost a million dollars a day.

But at the same time, that figure

was the lowest in the three years

that Ceriani has been at the helm of the company.

Aerolíneas needed subsidies equivalent to

US$650 million in 2020, US$645 in 2021

and the US$47 billion it received from the Treasury during 2022 was equivalent to

US$353 million

according to the current exchange rate.

These transfers were even lower than during the last year of the Cambiemos administration, in 2019, when the company received state contributions of

US$426 million.

"We are no longer at a loss of two million a day

," Ceriani told the Clarín query.

The official led a meeting with journalists, accompanied by the company's top staff, on the fifth floor of the Aerolíneas headquarters.

It is a modern building inside the Metropolitan Airport with a view of the Christopher Columbus monument (the same one that Cristina Kirchner had removed from Plaza Colón during her second term as president), which was built during the previous administration of La Cámpora, when the President of Airlines was the current senator

Mariano Recalde.

Pablo Ceriani, head of Airlines.

Politically, Ceriani continues to respond to Recalde (he was his

number two

during the previous administration) and the leader of La Cámpora also has an influence on another fundamental spring of local aviation policy, through the Regulatory Body of the National Airport System (ORSNA). .

Number two in that body is

Fernando Muriel

, another official who answers to Recalde.

Why does Aerolíneas now lose less money?

As explained by Ceriani, income from

ticket sales

rose sharply , reaching a total of

1,864 million dollars.

And he added, a piece of information that would represent a novelty, that Aerolíneas

stopped losing money

on its international flights.

"We are capturing most of the passenger flow that comes from Brazil, for example, and not because Brazilian airlines do not want to fly. What happens is that Gol or Latam Brasil are working at 110% of their capacity with their internal flights, and then we

put 16 or 17 flights a week and they arrive full

," Ceriani said.

"The rate for regional flights

today is 30% more expensive, in dollars, than those same flights cost in pre-pandemic

. In the case of flights to the United States, Madrid and Rome, the rates

are between 25% and 30 % more expensive"


-And the domestic flights?


she asked him.

-On average, cabotage rates

are 20% more expensive

than before the pandemic.

But it is not an exclusive issue for Airlines, but for all airlines that operate in the domestic market.

Today the offer of seats, if you count Airlines, Flybondi and JetSmart, is the same as it was in 2019.

The results of the 2022 balance, where the accounting results are computed, show a more attenuated loss, equivalent to

247 million dollars

, against negative results of US$

439 million in 2021

and US$

654 million in 2022.

Ceriani affirmed that the balance, which was audited by the private consulting firm


and by the

National Audit Office

(a body that depends on the Legislative Branch and is

controlled by the opposition

), had a characteristic that had not occurred for a long time. almost two decades.

"It is the first time that the AGN issues an opinion on the balance of Airlines

without any qualification

. It is something that has not happened since 2004," he added. 

Source: clarin

All business articles on 2023-04-27

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