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Caribbean Airlines to cut more jobs, reduce fleet size
State-owned Caribbean Airlines is again going through a major downsizing as it continues to struggle amid the Covid travel downturn. It plans to cut about 450 jobs, which represents about 25% of the workforce.
It will also reduce its fleet size and the number of routes it serves. In the first quarter of 2021, revenue decline 75%, leading to a loss of TT$172.7 million (US$25.7 million).
It posted an annual operating loss of TT$738 million (US$109.2 million) for 2020.
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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.
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