Cheaper Flights Come to Argentina Even as the Economy Continues to Struggle
Photo Credit: FlyBondi is one of several airlines in Argentina offering low fares. Pictured is one of the carrier's Boeing 737s. FlyBondi
Skift Take
Argentina’s tough economic situation has been characterized by devalued currency and rising consumer prices. But at the same time, other factors have led to the introduction of cheaper airfares and more players in the airline market. That's good for travelers.
It’s no secret Argentina’s economy is in bad shape.
The country’s peso has fallen more than 50 percent against the U.S. dollar so far this year. Meanwhile, the government statistics agency Indec reported Argentina’s gross domestic product declined 4 percent in the second quarter year-over-year, and consumer prices rose 3.9 percent in August compared with the previous month.
Yet while Argentina is struggling with inflation, airlines are offering cheaper airline tickets due to a unique mix of other factors. Clearly, 2018 is not a banner year for the Argentine economy, but it could be an important one for its growing aviation sector.
One of the reasons Argentina is seeing cheaper prices is because there are now more airlines competing for passengers.
This didn’t happen by chance— the influx is due to policies recently enacted by President Mauricio Macri to expand the country’s aviation market and stimulate competition. The administration’s aviation plan, unveil
