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[Trinidad] Caribbean Airlines makes profit of US$4m

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[Trinidad] Caribbean Airlines makes profit of US$4m

Unread post by bimjim » Fri Oct 11, 2019

https://trinidadexpress.com/news/local/ ... d2149.html

[Trinidad] CAL makes profit of US$4m
Ria Taitt
10 October, 2019

Prime Minister Dr Keith Rowley said yesterday State-owned Caribbean Airlines is in the black “for the first time”. Speaking at the “Spotlight on Budget 2020” forum at the Radisson Hotel, Port of Spain, the Prime Minister said from losing over US$600 million in the last eight years, the airline turned a profit of US$4 million in 2018.

“Black is appearing on its books for the first time because we are doing things differently,” he said.

According to Rowley, the airline incurred losses in the past as follows:

• 2010 - US$61 million;
• 2011 - US$87 million;
• 2012 - US$196 million;
• 2013 - $US$70 million;
• 2014 - US$62 million;
• 2015 - US$39 million;
• 2016 - US$82 million;
• 2017 - US$24 million.

In 2018, the profit was US$4 million.

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