How much money have the country’s airlines lost in the last 4 years?

Although commercial airlines have exceeded pre-pandemic occupancy levels for several months, the financial balances of the companies that operate in the country continue to show a red balance.

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According to the Civil Aeronautics, Cut to the first half of 2022, the companies reported losses of $1.55 billion, which represents an increase of 9.4% compared to the same period in 2021, when they were barely recovering from the impact left by the restrictions taken by the pandemic.

In addition, according to EL TIEMPO, the historical records reported by Aerocivil show that, since 2019, the passenger airline market has been generating significant losses.

In 2019, the companies reported $1.83 trillion in losses, the following year, which was the hardest hit by the pandemic, $2.73 trillion and, in 2021, the accumulated was $2.22 trillion.

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That’s the way it is, between 2019 and the first half of 2022, airlines reached $8.33 billion in losses, a figure that increases to $9.06 billion if all types of aeronautical operations are taken into account.

Of the 7 companies that reported their financial statements to the aeronautical authority, Aviancaa subsidiary of the new parent company Avianca Group International, reported 72% of them, with a negative balance of $1.11 billion.

That is if, for Avianca, during the first half of 2022, its losses were reduced by 22% compared to the same period last year.

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The company with the second largest loss was live airwhich recently requested its integration with Avianca, registered losses of $172,240 million from January to June 2022, an increase of 92.4% compared to losses for the same period in 2021.

In third place was Latam Airlines Colombiawhich reported a red balance of $163,799 million during the first half of the current year.

BRIEFCASE
*With information from EL TIEMPO