For the first time since its renationalization in 2008, Aerolíneas Argentinas has announced it will not require funding from the national government throughout 2025.

It marks a milestone for the country’s flag carrier, which has accumulated US$8 billion in government subsidies over the past 16 years to cover its annual operating loss of around US$400 million. 

After taking office in 2023, the Javier Milei administration has moved towards privatizing Argentina’s largest airline, and the company has since changed course to comply with its new landing spot in a competitive global industry.

The airline cut around 15% of its staff, including 85 senior managers, reducing its overall workforce by 1,600 people, the company said in a statement.

Presidential spokesperson Manuel Adorni said during a press conference on Wednesday that balancing the books at Aerolíneas Argentinas, as well as state water utility AySA, was........

© Buenos Aires Herald