Regional airline, LIAT is expected to end 2017 with a loss of US$13.25 million due to Hurricanes Irma and Maria, a report by Caribbean Tourism Association (CTO) has stated.
It anticipates a US$4.6 million loss between October and December 2017.
Prime Minister Dr. Ralph Gonsalves of St. Vincent & the Grenadines, the chairman of LIAT’s shareholder governments, said 408 flights were canceled between June and September, compared to 67 for the same period last year.
This was as a direct result of the closure of airports in Dominica, St. Maarten, the BVI and Puerto Rico.
These markets account for 30 percent of total LIAT flights and 34 percent of total revenue.
LIAT anticipates that it will take nine to 12 months for market recovery, the CTO report stated.
smh this airline has guts. That is the punishment from god. All the time all u cancelling people flight and they have to be paying double with no compensation, cutting style on people cause u are the only airline. I want to see a competition. I f I could only fly a plane… Dominicans would be happy. I would not treat u all like liat
Stupes. Somehas has a return ticket to Dominica, cannot come in because of “Maria” person as to go to St. Lucia to take the ferry, you charge us more money and forget he return ticket to Dominica – you make loss Stupes
Really???
Please allow this “shade tree” airline to die a slow death into bankruptcy. Iy honestly would love to see LIAT fold. If the could not generate a profit in the best of times how the hell can they ever operate profitably in the worst of time? Enough is enough so please let LIAT die peacefully and STOP wasting space reporting on their misery because its not going to get any better..
Assertive like Mama Eugenia!
Worse airline ever world war 1 planes better then this second hand bone shaking mode of transport forced on human beings in the twentieth century.
Liat to dam Greedy let me tell you that is an Airline i dont think i will every spend my money on. Lives were lost and you worry about profits its a shame. A new airline is needed in the Caribbean. All those so call PMs with millions need to use that avenue and capitalize on this industry
Really ??? I think Liat has been operating at a loss since its inception .. And hey should put themselves out of their misery .. my Thoughts!
Finally LIAT have a real reason for reporting a loss.
We all lost when all u making millions all u not crying we don’t need all u story all u well insure for everything
I dont think anyone will notice
Sadly the service offering is not great at the best of times