Caribbean Airlines recorded losses of $70 million in 2012 – Minister Howai

Howai said the US$40 million fuel subsidy applies to Air Jamaica and the Caribbean Airlines. He said it was the same as last year and would end in 2015.

The carrier has provided the government of Trinidad & Tobago a restructuring plan to deal with the losses. The plan includes reducing on the number of flights to Jamaica.

The Jamaican government has indicated concern with the reduction of flights, and the administration in Trinidad & Tobago has undertaken to send a high level team to Jamaica to resolve what could potentially become a big trade dispute between the two largest economies in the Caribbean Community.

Source: CMC

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