Caribbean Airlines has announced that its unaudited accounts show an operating profit and is net income positive for the year.
A statement by the company says that the unaudited accounts for the fiscal year ending December 2018 show Earnings Before Interest and Taxes (EBIT) of positive TT$111 million comprising of TT$158 million on international and other operations, and negative TT$47 million on the domestic air bridge.
Caribbean Airlines says it will add new seats to the domestic air bridge for the Easter and Jazz weekends.
The airline says it has entered into a wet lease agreement with Danish Air Transport.
This wet lease will be solely dedicated to the operation of the domestic air bridge between Trinidad and Tobago, and will run from April 17 – September 08, 2019, to cover major peak travel periods.
Caribbean Airlines has announced the proposed start of non-stop service between Kingston, Jamaica and Barbados from April 15, 2019 subject to government approval.
In a statement issued on Tuesday, the airline said that business, leisure and other travellers can fly non-stop every Monday and Friday between the two destinations.
“The launch of this twice-weekly non-stop service between Kingston and Barbados, subject to Government approval, is in direct response to feedback from our valued customers," Caribbean Airlines Chief Executive Officer, Garvin Medera said.
Finance Minister Colm Imbert says he has instructed Caribbean Airlines to get the best legal advice in the world to review the contract to acquire 12 Boeing Max 8 aircraft.
The minister, who is also Corporation Sole of Caribbean Airlines, says Caribbean Airlines must consider its options, in case the make of the aircraft is deemed to be faulty.
Two crashes involving Boeing Max 8s in the last six months have led to Boeing recommending the grounding of all Max 8 and Max 9 aircraft while several nations have suspended the aircraft from their airspaces.
Caribbean Airlines has announced that it will not acquire the Boeing 737 Max 8 aircraft if it is found that it does not meet required safety standards.
The announcement came via the following statement issued by the airline on Thursday morning.
"Caribbean Airlines wishes to definitively state as follows:
(i) The airline has an impeccable safety record, due in no small part to the use of very reliable equipment, an extremely well trained team, and a first class Maintenance and Engineering department;
(ii) The airline does not fly the Boeing 737 MAX-8 aircraft;
Finance Minister Colm Imbert is today saying that there is no need for panic over Caribbean Airlines' fleet of aircraft.
In a statement issued Tuesday, the minister said that he notes with dismay that the Trinidad Express of Tuesday March 12th, 2019 "has once again resorted to hysteria, distortion of facts and illogical reasoning in its story headlined “CAL’s plan to lease 12 jets causing panic”.
Caribbean Airlines is seeking to clarify some reports that it is currently operating the Boeing Max 8 aircraft that was recently involved in two fatal accidents.
The airline issued an updated news statement on Monday, making it clear that it does not currently have any of those aircraft in its present fleet.
"Caribbean Airlines currently does not have the Boeing MAX 8 aircraft as part of its fleet. The airline uses the Boeing 737-800 Next Generation aircraft (this is not the MAX-8)," the airline said in its statement.
Caribbean Airlines says that while it uses Boeing 737-800 Next generation aircraft, it stands by a commitment to put the safety of its passengers, crew and staff first.
The airline issued a statement Monday morning, in light of two recent crashes involving those types of airlines, given that Caribbean Airlines is also in the process of acquiring the 737-800X for its fleet.
The airline, in its statement, extended sympathy to the families and loved ones of the passengers and employees impacted by Ethiopian Airlines flight ET302.