Caribbean Airlines Limited Achieves Operating Profit
258 views · Published 1 November 2018 · 0:51 · Indexed 26 September 2026
Channel: TTT Live Online · 2018 · People & Blogs
Caribbean Airlines Limited has achieved an operating profit. CAL reported a summary of its unaudited financial results for the nine months ended September 30th, 2018, which show the airline has moved into an operating profit and is net income positive for the year-to-date. The unaudited accounts for the nine months show Earnings Before Interest and Taxes (EBIT) of positive TT $96 million - comprising TT$118 million on international and other operations, and negative TT$22 million on the domestic air bridge. The airline's total net income of TT$48 million comprises TT$83 million on international and other operations, and a loss of TT$35 million on the air bridge. Year-to-date total revenues showed a 15% year-on-year improvement of TT$291 Million.
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