CARIBBEAN-AIRLINES REVEALS MAJOR LOSSES
Written by IrieJam Radio on March 15, 2017
Caribbean Airlines Ltd revealed major losses to a Joint Select Committee of Trinidad & Tobago’s parliament.
Yesterday, officials for the government owned airline told the Joint Select Committee that it is burdened with a US$270,000 monthly bill until August for breaking a lease on two 767 jets. The planes formerly served the recently retired London route and are now used by Air Canada.
CAL officials also said the airline suffers another US$40,000 loss per month in credit card fraud, from scammers using stolen information to book flights online.
Other CAL issued tabled include difficulties in flights between Trinidad and Tobago, due to the lack of a proper booking system, and the fact that the majority of CAL pilots are over 56-years-old and are expected to retire at age 60.
During the meeting, it was also revealed that a recent survey conducted by Caribbean Airlines, says almost 70% of employees are dissatisfied with management and the direction in which the company seems to be heading.