Is Caribbean Airlines making money?

Caribbean Airlines (Port of Spain) is becoming a center point in a developing political storm in Trinidad and Tobago as to whether the expanded flag carrier is actually making a profit as declared.

According to this article by Stabroek News, the Ministry of Finance has requested Caribbean Airlines submit its latest financial statements following CAL chairman George Nicholas’ recent announcement that the airline made a TT$200 million profit.

Critics charge the statement does included losses due to fuel hedges which is included, would put the state airline into the red.

Read the full article: CLICK HERE

Copyright Photo: Arnd Wolf.

Caribbean Slide Show: CLICK HERE