Strike by CGT Leads to Financial Loss and Disruption of National Connectivity in Argentina

The strike called by the General Confederation of Labor (CGT) on Thursday is set to have a significant impact on the national economy in Argentina. 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, has 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, only two airlines, Flybondi and American Airlines, will operate in Argentina. 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 emphasizes the importance of finding a solution to reestablish the operation of air services and minimize the negative impacts of the strike on the economy and population. The strike is expected to affect connectivity with 19 countries that have a direct connection with Argentina, leading to a domino effect on multiple industries that depend on air travel. ALTA recognizes workers’ right to strike but calls for urgent negotiations to minimize economic and social damage caused by this action.