Austral Líneas Aereas is an airline based in Buenos Aires, Argentina. It is the sister company of Aerolíneas Argentinas and is the second largest domestic scheduled airline in Argentina. Its main base is Aeroparque Jorge Newbery, Buenos Aires
The airline was established in June 1971 from the merger of Austral Compañía Argentina de Transportes Aéreos and Aerotransportes Litoral Argentino (ALA). It was acquired in 1987 by Cielos del Sur, a holding company. Following the privatisation of Aerolíneas Argentinas in 1990, Cielos del Sur and Iberia both took holdings, but these have since been disposed of. In 2001 Grupo Marsans acquired a majority holding. On 21 July 2008, the Argentine government took the airline back into state control after acquiring 99.4% of the share capital; the remaining 0.6% is owned by the company's employees. On 3 September 2008, Argentina's Senate approved the nationalization of Aerolíneas Argentinas and its subsidiary Austral Líneas Aéreas.

Annual Results - 2009

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