An Aerolineas Argentinas A330-200 departs from JFK (Photo: AirlineGeeks | Ben Suskind)

Aerolineas Argentinas Takes a Big Hit in 2018 Financials

Last week, Aerolineas Argentinas and its domestic sister company, Austral, presented its 2018 results with some worrying numbers but also with a ray of light regarding its operations for 2019. Together, both companies recorded a loss of $489 million USD. Compared to 2017, revenues remained practically constant, accompanying inflation, but costs rose by 18 percent. At the start of 2019, the operational numbers of the company registered a steep recovery. In 2017, the company showed signs of high growth with…