For the first time since returning to the state, Aerolineas Argentinas closed a year with a fall in passenger numbers. In 2011 carried 6,017,886 people, 5.97% less than that reported in 2010.
The ticket sales for last year rose to U $ S 1344.47 million, an increase of 14% yoy. It is worth mentioning that during 2011 the dollar inflation was around 13.7% [if one considers a general increase in real prices of 23% and a depreciation of 8.1 wt%]. That is, gross income showed almost no variation tickets in real terms.
Two independent sources indicated that the commercial aviation market delays and cancellations by the ash had a negative impact on the sale of tickets to destinations of Patagonia. However, during the international financial crisis and recession of 2009, airlines had shown an increase almost 3% in passengers carried.
The company revenue from public funds was also the highest since the start of governance. Asreported this way , last year received $ S Airlines 757 million, almost U $ S 2.07 million a day. Of this amount approximately U $ S 94 million went to pay for the acquisition of new aircraft.
Economic data for the last year were reported by the company to the nation in response to two requests for access to public information on the pair Argent and Southern Airlines. The information comes from comparing the data received with the 2010 management report .
However, the company denied the information of the financial results last year arguing that this data will be available "at the time of closing and subsequent approval of the Financial Statements."
The operational aircraft went from 57 to 81 in 2011 and the number of employees grew 11.5%
The rise in economic subsidies revenue is consistent with increased operational aircraft and expanding the staffing in the last twelve months. He spent 57 to 81 aircraft operational.At the same time, expanded its workforce from 11.5% up to 9612 individual employees. Last year was the fastest growing recruitment in the last three years.
A clue to the allocation of subsidies to costs arising from the audit conducted by the Auditor General's Office to June 30, 2009. There is stated that the perception of 45.34% of state funds went to pay salaries (salaries, social charges and deductions).
Since the completion of the expropriation of Aerolineas Argentinas and Austral, this group owned enterprises has not submitted audited balance sheets which detail the movement of funds. So far, only realized "management reports" which reported on its website as an informative.
PUBLIC FUNDS AND PRIVATE WAGES
Airlines do not report profits and remuneration of top executives: Mariano Recalde, president, and Eduardo De Pedro, vice president, two officers appointed by the President arrived and who belong to the youth group's Campora.
In response to another request for access to information, legal management denied the request to wield it "should require the existence of a legitimate interest in who requires the information." Airlines asked to review the National Personal Data Protection, which through an opinion advised against making this information public.
So far the only data available are mandatory affidavits Anti-Corruption Bureau (although not reported in these benefits package that can have an executive official, such as cars, corporate card, representation expenses and per diem, etc. ..-)
In the annual statement for the year 2010 (last available) Recalde reported net income of $ 54121.61 per month as chairman and chief conductor of the corporate group of Aerolineas Argentinas. It has no commercial aviation industry experience or managerial positions, his last job was as an adviser to his father, Rep. Hector Recalde, between June 2006 and July 2009.
For the same period, De Pedro declared a net income of $ 45,627.23 per month for their positions as director and vice president of Aerolineas and Austral. Nor has experience in the field, but claims to be a shareholder of a country club and spa and a farming
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