Argentina's Airline Restructures Ahead of Potential Sale

Reported 3 days ago

Argentina's state airline, Aerolineas Argentinas, is downsizing in preparation for a potential sale, cutting 13% of its staff, reducing domestic routes, and eliminating passenger perks such as snacks. These measures aim to streamline operations and attract private investment amid ongoing privatization discussions led by President Javier Milei, despite pushback. The airline, which recently reported its first profit in seven years, faces criticism from unions and opposition politicians as domestic travel declines by 9% due to cutbacks.

Source: YAHOO

View details

You may also interested in these wikis

Back to all Wikis