Aerolíneas Argentinas Targets Profitability in 2025 Amid Tense Union Negotiations
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Through Resolution 1205/2025 published this Thursday in the Official Gazette, the Ministry of Economy of the Argentine Republic approved the Action Plan and Budget for the 2025 fiscal year for Aerolíneas Argentinas, which projects a financial surplus and does not foresee the need to receive contributions from the National Treasury for its operation.
The regulation, signed by Minister Luis Caputo, establishes the economic guidelines and strategic objectives.
The 2025 Budget in Numbers
According to the details in the resolution and its Annex II, Aerolíneas Argentinas estimates the following results for the 2025 fiscal year:
- Operating Income: Projected at ARS 2,524,250,107,629 (approx. USD 2.02 billion).
- Operating Expenses: Set at ARS 2,465,125,926,278 (approx. USD 1.97 billion).
- Operating Result (Profit): A positive result of ARS 59,124,181,351 (approx. USD 47.3 million) is approved.
After considering current revenues and expenditures, the Economic Result (Savings) is estimated at ARS 32,195,318,223 (approx. USD 25.8 million).
Finally, by adding capital resources (ARS 98,541,881,476 or approx. USD 78.8 million) and subtracting capital expenditures (ARS 95,118,364,687 or approx. USD 76.1 million), the company projects a Financial Result (Surplus) of ARS 35,618,835,012 (approx. USD 28.5 million).
A key detail from the financial statements is that the "Current Transfers from the National Administration" account is listed as zero, confirming the airline's plan to operate without direct financial assistance from the State.
Pillars of the Action Plan
Annex I of the resolution details the objectives and strategy supporting these projections. The company bases its plan on a scenario of growth in both domestic and international traffic, seeking to improve its competitiveness.
Among the pillars for achieving profitability, the plan mentions optimizing fleet usage and resource productivity, along with cost reduction and increased operations. It also aims to strengthen connections through an "intelligent design of its networks" to generate, according to the document, "a smarter network with higher levels of efficiency." Finally, in the Cargo business, a "significant increase" in transported tons is projected.
Regarding investments, they will be mainly focused on fleet engine maintenance to ensure operational availability and preserve asset value. No increase in the company's internal or external debt is foreseen.
With respect to human resources, the budget considers a total workforce of 10,366 employees by the end of 2025, a figure slightly lower than in 2024 following the execution of a voluntary retirement plan, seeking to "thus achieve greater efficiency with the projected increase in activity."
However, these economic projections must also navigate the tense labor climate. In recent months, aviation unions such as APLA (pilots) and APA (ground staff) have been in a tough struggle with the company's management over salary adjustments, holding assemblies and strikes that have affected operations. Collective bargaining negotiations remain a latent source of conflict that could condition the fulfillment of the productivity objectives set out in the budget.
Download documents:
- Resolution 1205/2025
- Annex 1: Action Plan - Objectives - Aerolíneas Argentinas - 2025 Budget
- Annex 2: 2025 Budget for Aerolíneas Argentinas
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