SInGAPORE_AIR
Posts: 11619
Joined: Mon Nov 13, 2000 4:06 am

Aerolineas Argentinas To Post 1st Profit In 25 Yrs

Sat Sep 07, 2002 6:46 am

Congratulations to Aerolineas Argentinas who according to a source familiar with the airline's finances said that the airline is expected to post its first monthly profit in twenty five years.

Aerolineas Argentinas Chairman Antonio Mata told an assembly of creditors that in July and August 2002, the airline posted a net profit. The airline was facing closure due to debts and Argentina's economic problems.

40% of revenue is from international flights and with prices in US Dollars, is most helpful considering Argentina's economic and currency situation. Domestic market share is now 75%, up from 17% a year ago.

More information at the Forbes / Reuters website

Information was gathered from the above hyperlinked webpage. Full information can be viewed by clicking the above hyperlink
Anyone can fly, only the best Soar.
 
donder10
Posts: 6944
Joined: Sun Oct 21, 2001 5:29 am

RE: Aerolineas Argentinas To Post 1st Profit In 25 Yrs

Sat Sep 07, 2002 6:54 am

Even in today's corporate culture I would expect a chairman to be ''a source familar with (his) airline's finances'' Smile
 
SInGAPORE_AIR
Posts: 11619
Joined: Mon Nov 13, 2000 4:06 am

RE: Excellent Aricle On Aerolineas Argentinas

Mon Sep 09, 2002 1:29 am

-----
FEATURE-Winner emerges from Argentine airline dogfight

Passengers chant "Argentina! Argentina!" like crazy soccer fans when its planes land, and Argentines who have never even flown say they feel its jets, painted in their flag's colors, belong to them.
-----

More information at the Forbes / Reuters website

Information was gathered from the above hyperlinked webpage. Full information can be viewed by clicking the above hyperlink
Anyone can fly, only the best Soar.
 
chepos
Posts: 5961
Joined: Sat Dec 02, 2000 9:40 am

RE: Aerolineas Argentinas To Post 1st Profit In 25 Yrs

Mon Sep 09, 2002 1:46 am

Congratulations to Aerolineas if they do indeed post a profit this month, I do hope they regain their glory.
Chepos
Fly the Flag!!!!

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