The national company Linhas Aéreas de Moçambique (LAM), where the state holds the majority of shares, has accumulated an estimated loss of six million meticais during 2020.

A recent LAM report indicates that in that year the losses were (-6,027,757,054 meticais, according to opais.

These are negative results that reduced to less than zero the gains obtained by the company with the sale of goods and services, including passenger transport, cargo and mail. With these services alone, the company had achieved operating results of about 4.4 billion meticais.

Relative to other previous years, the related loss is the highest since 2016.

In 2019, the negative result was around 3.6 billion meticais, after, in 2018, the losses were around 2.8 billion. Already in 2017, the accounts were also in the red (-2,088,030,607), a smaller loss when we look at 2016, when the airline's drop was about three billion meticais.

The crisis that the company has been experiencing has led the Government to rethink its restructuring. In 2018, given the systematic cancellations of flights, due to lack of money to fuel the aircraft, the Government assured that it was accelerating the process of finding "strategic" partners in order to make LAM viable, within the framework of the restructuring of public and state-owned companies.

Four years have passed and the outcome of this process has not been announced.

And the company's internal goals have resulted in failure. An example of this is the promise that the General Manager, João Carlos Pó Jorge, left in 2019, concerning the purchase of new aircraft by 2021.

For the year 2021, the company had hoped to acquire 10 aircraft, and also missed this goal.

"We have to have a renewed fleet and we are looking at getting to the end of 2021 with four to five Boing 737 MAXs, preferably, which are the new planes, and a fleet of Q400s, between four and five, but new and not used, as we have been doing," he promised.

LAM currently operates with a fleet of six aircraft, all leased.