The General Confederation of Labor (CGT) has called a strike on Thursday, resulting in the national economy losing US$62 million in tourist spending. This is due to the cancellation of at least 700 confirmed flights, affecting 90,000 passengers. The Latin American and Caribbean Air Transport Association (ALTA), which represents 160 companies including 45 airlines, expressed concern about the impact of the strike as it controls more than 80% of the region’s air traffic and 94% of the Argentine market.
During the strike, Argentina will be virtually disconnected by air domestically and internationally as only two airlines, Flybondi and American Airlines, will operate. Flybondi has moved its operations to Ezeiza International Airport and will operate 68 flights, while American Airlines will also be operational. However, other airlines have canceled all scheduled flights, resulting in significant economic losses for the country.
The direct losses for the national economy due to tourist spending are estimated to be around US$12 million daily based on the average spending of foreign tourists who arrive by air and the number of daily passengers. The total loss, including all income generated by the aerial operation, is estimated to be around US$62 million per day.
The interruption of air services will not only impact tourism and international trade but also hinder the country’s regional and global connectivity. ALTA recognizes the right of workers to strike but calls for urgent and negotiated solutions to minimize economic and social damage. The association emphasizes that finding a solution to reestablish air services is crucial for resuming economic growth and development in Argentina.