CAL's Unaudited Financial Results Show TT$326.6 Million Loss

Caribbean Airlines has revealed that the unaudited financial accounting results for the six months ended June 2021 showed an operating loss of TT$326.6 million, or US$48 million. In a release, the airline says their performance was consistent with the same period for 2020, when it reported an operating loss of TT$331 million. The airline says that their revenue for the period was TT$264.9 million - a decline of 54% due to a 44.8% drop in passenger numbers as a result of the Covid-19 pandemic. They survived because of financial help from the Government of Trinidad and Tobago. The airline says they also offered cargo charters using its passenger planes. As well, they operated repatriation and other special services on request from regional Governments. Caribbean Airline says that comparing their performance with the rest of the world, it is evident that they are a part of the worst year for aviation, when 66% of the world's commercial air transport fleet was grounded and the industry lost worldwide over US$ 370 billion.