Aerolineas Argentinas reports loss-reduction in H1, 2023 compared to 2019

Aerolíneas Argentinas has posted a net loss of $48 million in the first half of 2023, a significant improvement from its $667 million net loss in 2019 marking an almost 80% decrease in loss. The airline’s current administration is focused on turning the company around and has seen a 61% reduction in losses compared to 2022, the best year since its nationalization. “Aerolíneas Argentinas has not received the funds allocated in the country’s budget for the airline for this year, but received six billion Argentinian pesos (about $17 million) from the 2022 budget, of which only 70% has been employed,”