LIAT remains in the red

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 today 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)
He said for the current financial year the cash strapped carrier made a net profit of EC$5 (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 and 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.
He 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.

9 Responses to LIAT remains in the red

  1. Gavin Dawson
    Gavin Dawson October 19, 2016 at 4:44 pm

    Never out of the red, and sometimes never takes off!

  2. Rawle Spooner
    Rawle Spooner October 19, 2016 at 4:46 pm

    LIAT -Leaving Islanders Angry Traumatized don’t need to be in the black, simply Barbados taxpayers will continue to throw good money after the bad money it has been subsidizing this joke third world airline with for so many years.

  3. Brien King
    Brien King October 19, 2016 at 5:19 pm

    Why not privatize Liat? I am sure that some of these business people who wants to take over SSA and BWA, would love to try at it and make much profit.

  4. Phil October 19, 2016 at 6:13 pm

    I heard an idea at dinner which I think is super smart and which will work.S group of overseas investors wanted to buy out LIAT, change the name to Caribbean Sky Rider Airlines. They will lease or purchase30 STOL type aircrafts. and using Barbados or the new airport in St. Vincent as a hub somewhat like center of a wagon wheel, Now imagine each spoke from the center in St. Vincent to each destination, representing a direct route. Now a passenger wants to get from let’s say Antigua to Port of Spain, Pays US$ 50 one way to SVI. then takes another $50 trip one way to POS. A similar pattern occurs to and from all destinations hubbing through St. Vincent. Only two destinations will pay US$ 35 one way and those are SLU and GND. Baggage is separate and those are US$ 30 per bag weighing 55 Lbs. and under. These planes will operate in a 2 hour rotation on each journey. No destination is over hour away from SVI except JAM Cuba, Haitii and Puerto Rico. Costa Rica and Panama. These destinations will operate as separate daily schedules. CSRA will pay each Government US$15. per pax which will include Travel tax security check and landing fees. 6 flights per day times 30 planes = 180 flights, times $75 ( pax plus I suitcase,) This does not include the further distances flights . That will work out to around US$ 540,000.pp per day. If 50% is deducted for fuel and taxes, Caribbean Sky Rider will make US $ Millions per month. Much more people including tourists will use this opportunity to see the Caribbean.

  5. Ziggy Blessed
    Ziggy Blessed October 19, 2016 at 7:16 pm

    i am a loyal Caribbean man but it aint fair that some countries getting 4-5 flights a day by LIAT and cant put a cent in the company….that aint fair…..safest airline on earth (in my books)

  6. Alex Alleyne October 19, 2016 at 7:47 pm

    Nothing new.

  7. Alex Alleyne October 19, 2016 at 7:49 pm

    LIAT and WICB , problems for the Caribbean.

  8. Tony Webster October 19, 2016 at 8:29 pm

    Kick….sorry….fly the can further down the road: Bajan tax-payers need to kick…sorry…fly several more millions into the LIAT black-hole. No problem, as you can be certain it will not be implemented as a “LIAT Tax”….but it might just quietly take-off as innocently as a “Caribbean Rationalization Airlift Project” (C.R.A.P.) with proceeds being deposited (safely) into the Consolidated Fund.

    If the timing is a bit inconvenient to launch the C.R.A.P. Tax, then brace yourself for another UDDollar loan, for “Airlift Augmentation Capacility-Building” ….or summuch.

    No prize for correctly guessing why timing of new or increased taxes, is becoming increasingly sensitive.

  9. Colin Stevens October 20, 2016 at 9:27 am

    Think Antigua should go it alone as far as the financing of LIAT is concerned. They claimed that they’re willing to finance LIAT by themselves.They’re adamant about LIAT remaining in Antigua although it’ll be more economically viable if the it moves to Barbados. The Caribbean governments can’t keep pouring good money after bad to keep LIAT in the skies.


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