LIAT remains in the red

By LIAT

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BARBADOS TODAY – Regional airline LIAT is expected to record EC$9.2 million (BDS$6.8 million) in losses at the end of this year.

Chairman of LIAT’s shareholder governments, Dr Ralph Gonsalves made the disclosure at a media conference yesterday, following a closed- door meeting at the Lloyd Erskine Sandiford Centre.

The airline’s budgeted total revenue for 2016 was EC$318.8 million (BDS $236.8 million). Dr Gonsalves said for the current financial year, the cash-strapped carrier made a net profit of EC $5 million(BDS $3.7 million) up to August.

Dr Gonsalves said shareholders were now considering a request to provide an additional EC $5 million for the airline.  Once approved, he said it would be divided between Barbados, St Vincent and the Grenadines, and Antigua & Barbuda.

During the media conference, he outlined planned reforms for the struggling airline, including the cutting of some “nonperforming” routes, customer service improvements and customer training.

The chairman also disclosed that current shareholder governments have asked three other regional governments to become “partners” in the airline – St Lucia, St Kitts and Nevis and Grenada.

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This article was posted in its entirety as received by stlucianewsonline.com. This media house does not correct any spelling or grammatical error within press releases and commentaries. The views expressed therein are not necessarily those of stlucianewsonline.com, its sponsors or advertisers.

6 comments

  1. The airline should be dissolved! Money is not their problem. Governments are sinking taxpayers money into a sinkhole. Privatization is the best bet for Liat, then and only then will it be run as a business.

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  2. OMG, it is so convenient to fly from Puerto Rico to SLU. Best thing that could ever happen to me/us,
    direct flight from SJU to SLU

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  3. Can we please bargain with JetBlue and Southwest eagle to service SLU from Puerto Rico? Please, please!!

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  4. If the Liat issues can't be fixed they should starting looking for replacement. we need something reliable especially from Puerto Rico to SLU.

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  5. Liat eh understand they not getting a dime for Lucia?? Ya'll at a loss although people paying so much money for bs service. I pay ya'll to take me from Lucia to St.Croix and after a run around from SLU to Tola back to St.Martin, I was left alone stranded for the night and dumped off Tola the next day. Had to find my own way from tola to St.Croix. IM AT A LOST TOO!

    (2)(0)

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