‘CARIBBEAN AIRLINES NOT PROFITABLE ON A SINGLE ROUTE’ – T&T PM ISSUES ULTIMATUM TO MANAGEMENT

Trinidad and Tobago Prime Minister Kamla Persad-Bissessar is giving senior executives of the state-run Caribbean Airlines two years to address financial challenges facing the state-run carrier, or they will “need to find another job.”

TTT News says the prime minister expressed serious concerns over the lack of transparency, especially given the company’s eighty-six-member finance department and more than $60 million spent on Ernst & Young and PricewaterhouseCoopers to conduct financial audits. She also highlighted even more financially troubling facts about the company.

She argues, “Do you know that not one single Caribbean Airlines route is profitable? Not one route is profitable yet plane filling up everyday going and coming. Not one single route of Caribbean Airlines is bringing a profit but we are spending millions of dollars there.” The head of government says the taxes of ordinary citizens would no longer be used to support CAL and the management who receive large salaries, while failing at their jobs