United Kingdom
United States
Asia Pacific
Caribbean Airlines posts USD109 million operating loss
The Covid pandemic pushed Caribbean Airlines to a $109 million operating loss in 2020.
It banked revenue of just $118.6 million, which is a big drop from 2019’s revenue of $440 million.
Revenue was wiped out by operating expenses of $228 million, even though the airline managed to cut 2020 costs by 47%.
However, despite the bleak times, CAL managed to add new routes and expand its cargo network.
It also operated many repatriation flights for citizens of several Caribbean nations, said airline CEO, Garvin Medera.
"2020 was the worst year on record for the global travel industry and specifically for aviation. Regrettably, Caribbean Airlines was hit hard," said Caribbean Airlines chairman S. Ronnie Mohamme.
Passenger numbers for 2020 fell sharply by 71% to less than 750,000
In 2019 it carriied 2.5 million passengers.
Written by Ray Montgomery, US Editor
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Mark Jaronski of Explore Georgia on FIFA World Cup 2026
Connecting Small Businesses to Global Tourism Markets: Nate Huff of Tourism Exchange
North Carolina’s Resilience: Wit Tuttell on Recovery and Tourism
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
BA suspending all Heathrow to Abu Dhabi flights
Turkish Airlines flight in emergency landing after pilot dies
Unexpected wave rocks cruise ship
Woman dies after going overboard in English Channel
Foreign Office issues travel advisory for winter sun destinations