For the first time since its renationalization, Aerolíneas Argentinas closed a year with a positive annual economic result. According to official data from the National Budget Office, the airline concluded 2024 with a surplus of $156,323.9 million.
These good results were achieved thanks to the measures taken by the administration of President Javier Milei, which focused on reducing its deficit, eliminating unnecessary expenses, and streamlining the company.
In operational terms, the firm recorded an EBIT (earnings before interest and taxes) of $20.7 million. This indicator is the most used in the airline industry to measure the profitability derived from the core business, allowing a direct comparison between airlines.
"EBIT reflects only the operating profitability before the deduction of taxes and interest and without including non-operating income. That is, it shows what the company generates strictly with its main activity based on its revenue from ticket sales, cargo, and additional services, minus the cost of operating all those products," they indicated from the company.
The difference between the total economic result —the $156 billion surplus— and the EBIT of $20.7 million is explained by the inclusion of financial, tax, and other components not directly related to the main operation.
According to industry sources, the company modified the way it presents its budget execution, aiming to represent more accurately the economic effect of the gap between the date of purchase of airline tickets and the moment when the flights are actually carried out.
