A national strike called by the General Confederation of Labor (CGT) on Thursday is expected to result in significant economic losses for Argentina, particularly in the air transport industry. This is due to the cancellation of at least 700 confirmed flights that will affect 90,000 passengers. The Latin American and Caribbean Air Transport Association (ALTA), which represents 160 companies including 45 airlines, has expressed concern about the impact of the strike on the region’s air traffic and the Argentine market.
During the strike, 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. ALTA estimates that the direct losses for the national economy due to tourist spending will be around US$12 million daily. This is 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 impact of the strike will affect connectivity with 19 countries that have a direct connection with Argentina and will have a domino effect on the entire air transport value chain and multiple industries that depend on air travel.
The CGT has called for a one-day general strike in protest against job cuts announced by several companies in recent years. However, this decision has caused inconvenience for travelers who had planned their trips ahead of time, leading to frustration and financial losses for many people who had booked flights or hotels during this period.