Aerolíneas Argentinas’ new CE fights to turn around company
As CE at General Motors in Argentina, Isela Costantini cut costs and raised revenue at one of the most admired companies in the country. Last year, she quit and took a very different job at the urging of Argentine president Mauricio Macri: running the country’s bloated state-run airline, Aerolíneas Argentinas. Nine months later, Costantini is finding it tough to overhaul the carrier. With 12,000 workers, 6 powerful unions and a deeply ingrained bureaucratic culture, the 65-year-old airline is more like a govt ministry than a cost-conscious company, she said. Aerolíneas was on track to lose US$1b this year, after dropping $1m to $2m a day for much of the past decade. The CE said the airline lacked the organisational trappings of a normal business, such as budgets, performance and sales targets. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-09-21/sky/aerolineas-argentinas2019-new-ce-fights-to-turn-around-company
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Aerolíneas Argentinas’ new CE fights to turn around company
As CE at General Motors in Argentina, Isela Costantini cut costs and raised revenue at one of the most admired companies in the country. Last year, she quit and took a very different job at the urging of Argentine president Mauricio Macri: running the country’s bloated state-run airline, Aerolíneas Argentinas. Nine months later, Costantini is finding it tough to overhaul the carrier. With 12,000 workers, 6 powerful unions and a deeply ingrained bureaucratic culture, the 65-year-old airline is more like a govt ministry than a cost-conscious company, she said. Aerolíneas was on track to lose US$1b this year, after dropping $1m to $2m a day for much of the past decade. The CE said the airline lacked the organisational trappings of a normal business, such as budgets, performance and sales targets. <br/>
