Caribbean Airlines to lose its fuel subsidy from the Government of Trinidad and Tobago
Caribbean Airlines knew it was coming down, the removal of the fuel subsidy that allowed the regional airline to compete unfairly according to its competitors. The Trinidad and Tobago Government in its Budget Presentation today announced that the Airline will no longer receive the subsidy after October this year. Caribbean Airlines had begun, according to its Head of corporate communications Clint Williams, to have the airline sustain itself anyhow.
The removal of the subsidy will see Caribbean Airlines seeking to maintain its market share out of Guyana and in the region by what Clint Williams called, other innovative measures.
The airline which has as its major shareholders the Governments of Trinidad and Tobago and Jamaica, has been severely criticized for higher than usual fares on some routes in recent time. Customers have complained that when other competitors come in, Caribbean Airlines undercut the carriers primarily because of the fuel subsidy. Delta and some other airlines have challenged the award of North American routes and flag carrier status because of the controversial subsidy.