Caribbean Airlines, which operates several daily flights between Antigua and Barbuda and destinations across the region, has been given two years to get their act together or face shut down.
Prime minister of Trinidad Kamla Persad Bessessar who gave the deadline revealed that the airline has not submitted an audited financial statement in nine years and that none of its current routes are profitable.
“To date Caribbean Airlines has not submitted an audited financial statement for the last nine years. Do you know that not one single Caribbean Airlines route is profitable, not one route is profitable, yet plane filling out every day, going and coming. Not one single route of Caribbean Airline is bringing in a profit, but we are spending millions of dollars on the airline” she told supporters.
She further warned management and staff that their future depends on a swift financial turnaround.
“I am giving the management of Caribbean Airlines two years, max. They have to sort out the mess; otherwise, everyone there will be looking for a new job. Your future is in your hands,” she declared.
Caribbean Airlines has long been a key regional carrier, providing essential connectivity from Antigua’s VC Bird International Airport to Douglas–Charles Airport in Dominica and other airports across the region. However, ongoing losses and a lack of transparency have put mounting pressure on the company to reform.
