Aerolíneas Argentinas, as it stands today, is the state-owned flag carrier of Argentina, and the airline has been having a difficult few years in the wake of the COVID-19 pandemic. With a financial crisis driven by runaway inflation, the carrier has struggled to fill its jets, resulting in lower load factors, weaker financial performance, and higher costs on a per-passenger basis. The airline has been forced to cut routes due to the increased competition on many of its core services.