Caribbean Airlines has been warned it has two years to turn around its finances or face closure.
Trinidad and Tobago’s Prime Minister, Kamla Persad-Bissessar, said the airline has not produced an audited financial statement for nine years and that none of its routes are currently profitable.
“Not one single route is bringing in a profit, yet millions are being spent on the airline,” she told supporters.
The Prime Minister warned that the future of management and staff depends on a swift recovery. “Your future is in your hands,” she said.
Caribbean Airlines, which operates regional services including flights from Antigua and Barbuda, has been under increasing pressure over mounting losses and a lack of transparency.
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socialism at work! Trinidad is the epicenter of Government State Owned Enterprises!
Something I expected more from the InterCaribbean! I guess you truly shouldn’t judge a book by its cover! All in favor of LIAT Air say “I”……
All these flights and new flights added and they aren’t making profit? Thats is something very much crazy and wild to me!!
She claimed it didn’t make any money in the last 9 year’s, which was the term of the last administration. The question one has to ask is, was it making money was her government was in office?
Smh because there not extorting ppl despite rising cost with other airlines they quietly have there rates set at much more affordable prices ….. it’s not gonna show a profit so easy compared to the others same rates same routes …….
Trinidad is full of deceit and corruption. I’d wager this is all posturing on her part and wouldn’t believe a single word coming out of her mouth. Everyone has their own agenda…
Wait, y’all really have Caribbean Airlines on the chopping block and not Intercaribbean with its horrible customer service and inconsistent service???
Before I book Intercaribbean to go anywhere ever again, I’m going via Caribbean Airlines or an International airline. Hopefully Liat can get their ish together soon.
What about Liat horrible air hostesses who always have bad attitudes on that flight? The African ones. Like they are always angry and bitter
What this means is that the airline might be forced to eliminate existing routes that are unprofitable. It still baffles me that I can get a ticket to the US and Canada for far less than I can for visiting a closer Caricom sister territory.
NINEEEEE YEARS and no audit? where is the accountability. How are the routes not profitable if like you say the plane is up and running every day? Anyway, I don’t understand aviation so let me just wait to see what happens after those two years.
@Vyehneg
What about Liat horrible deal with the African owner of Air Peace?
Do you really think Chet Greene gave 70% of LIAT 2020 now LIAT Air to the African and none for him and Gaston?
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