Caribbean Airlines is projecting that the entity will break even in three years. Larry Howai, Trinidad and Tobago’s Finance Minister, who revealed the airline’s outlook, says his Government will continue providing funds to CAL over the next three years.
A report in Monday’s issue of the Trinidad Express newspaper said the Finance Minister disclosed that a restructuring plan had been put in place, which would lead to the gradual reduction of the subsidy.
Mr. Howai said Caribbean Airlines incurred a loss on the Venezuela route as a result of the devaluation of the Bolivar and the foreign exchange problems in that country. Some losses also came from the integration of Air Jamaica into Caribbean Airlines.
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Caribbean Airlines sets three-year break-even target
