CEO of LIAT, Ian Brunton, has explained the airline’s position concerning the high cost of airfare in the region.
For years many in the Caribbean have complained that the high prices of LIAT’s tickets make it almost impossible for ordinary people to travel.
Brunton said regional taxes account for nearly 50 per cent of the cost of regional fares.
“We administer 66 taxes,” he said.
But that is not all for, according to Brunton, the airline has to deal with thin and fragmented markets, limited economies of scale, and high fuel costs.
He pointed out that these are the main drivers for high regional airfares.
The LIAT CEO was speaking at a regional press conference in Antigua on Friday where he unveiled a new business plan which he said will turn around the fortunes of the cash-strapped airline.