PORT OF SPAIN, Trinidad, Mar 31, CMC – The state-owned Caribbean Airlines (CAL) Tuesday, “categorically” rejected rumours suggesting that the airline is facing closure.
“There has been no discussion regarding the closure of the airline. Caribbean Airlines continues to actively review its operations as part of on-going efforts to strengthen the business and position the airline on a more stable and sustainable footing,” the airline said in a statement.
On Sunday, Guardian Media Limited reported that CAL is seeking a financial bailout from the Kamla Persad-Bissessar government to counter the rising cost of fuel as a result of the Middle East was involving the United States, Israel and Iran and its impact on the carrier’s operational costs.
GML reported that it understood that the CAL board had put forward several options to the Ministry of Finance during a meeting two weeks ago to cushion the airline, including the introduction of a fuel surcharge on tickets, the removal of the subsidy on the airbridge, an increase in the overall cost of tickets and a further slashing of lower revenue routes.
(Details in Business section)
CMC/2026