Aerolíneas Argentinas posts $112.7M operating surplus in 2025, sheds state transfers and targets 18 new aircraft

Aerolíneas returned to a materially stronger balance sheet in 2025: a $112.7m operating surplus on $2.22bn revenue, a 41% reduction in financial debt and the elimination of state transfers — metrics that change its financing and restructuring needs.

Fleet expansion plans (up to 18 aircraft) will affect delivery slots, lessors and narrowbody market demand; this follows the carrier's December RFP process for 12 737 MAX jets (see its Dec RFP for 12 Boeing 737 MAX)(source:5445e2f4-0435-40d0-93af-2b63e1eac532).

The result comes amid rapid market liberalisation and renewed competition in Argentina — including recent moves to open domestic cabotage and a revived low-cost entrant — which will pressure network strategy and yield management (see Argentinas domestic liberalisation)(source:40eae796-b991-460f-89fe-f6f56c472552) (see Flybondi's restart and new orders)(source:cc3011b8-ff0d-495e-9ce8-72d3f0a1fa35).