This summer, Aerolineas Argentinas will fly more frequently to Madrid and New York. The airline will add two new flights to the United States economic hub and three more to the Spanish capital.
Aerolineas Argentinas chairman Pablo Ceriani spoke with Reuters about his company’s growth plans. The businessman only took over the company in December. Despite this, he is already showing his intent to help the airline improve its financial situation.
Currently, it holds an operating deficit of $570 million. However, Ceriani expects that deficit is gradually reduced due to the number of tickets it sells and if the carrier can keep on following its growth plan.
Last year, the state-owned carrier sold 13 million tickets and its income for this year is expected to hit $1.7 billion. These added flights will help it maintain these numbers.
Upping its game
The Buenos Aires-based airline currently serves New York four times a week. From May, this will be upped to five times a week and then six weekly flights from July. It already holds a considerable presence in Madrid with seven flights a week. However, there is room for expansion as there will be 10 weekly flights from July.
One of the core reasons for these additions is to make the most out of the increase in tourism that is happening within Argentina. Additionally, the operator is looking to strengthen its presence throughout the area.
Aerolineas Argentinas is planning to get its fleet in order following these advancements. It is hoping to operate its five Boeing 737 MAX aircraft that it has received. However, the grounding of the type has caused uncertainty for global carriers as the expected date for its approval keeps changing.
Due to the MAX crisis, Boeing has already made agreements with several airlines regarding compensation. Ceriani is also hoping for some sort of helpful gesture from the manufacturer. The airline ordered another 12 of the planes, which are due to start arriving from next year.
“Boeing has already agreed to compensation with other airlines. We are asking for equal treatment. There is a good predisposition to find a way out of this situation that is satisfactory to us,” Ceriani said, as reported by Reuters.
“The compensation (from Boeing) can take different forms. It can be a direct payment or come by way of some other benefit, such as future deliveries.”
In the right hands
Altogether, Aerolíneas Argentinas is no stranger to long haul expansions. Last year, it celebrated its 70th birthday and its first weekly route was a service from Buenos Aires to Frankfurt via Natal, Dakar, Lisbon, and Paris. Therefore, it has decades of experience when it comes to handling international operations.
What are your thoughts on these extra flights added on the airline’s routes to Madrid and New York? Let us know what you think in the comment section.