CAL reports an operating loss of $326.6m

0
96
Image courtesy Caribbean Airlines Facebook

CARIBBEAN Airlines has reported an operating loss of $326.6 million for the first half of this year, citing a drop in passenger numbers due to the pandemic.

The majority State-owned airline, in its unaudited financial results for the six months ended June 2021, which were issued yesterday, said its performance was consistent with the same period in 2020 when it reported an operating loss of $331 million.

“In a year when the airline and travel industry were pulverized by the Covid-19 pandemic, total revenue generated for the six months ended June 2021 was $264.9 million, a decline of $306 million over 2020 due to a 44.8-per cent drop in passenger numbers as a result of the pandemic,” the statement said.

LEAVE A REPLY

Please enter your comment!
Please enter your name here