Wednesday, September 18, 2019

LIAT CEO Says Airline Staying The Course Despite Financial Issues

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Barbados Nation:–  LIAT IS STAYING in the air in spite of its financial challenges.

hat commitment is coming from the regional airline’s chief executive officer (CEO) Julie Reifer-Jones, who said they would push to continue their daily operating schedule.

In a media statement yesterday, she said the carrier was committed to connecting the region and had operated all its flights over the peak Easter season with an on-time performance of 80 per cent. She added the company was looking forward to a good summer period, with many festivals and events scheduled across the region.

“LIAT is committed to fly, and we are flying to the 15 destinations across the network,” Reifer-Jones said. The airline operates 491 flights weekly.

The CEO also noted there were ongoing discussions with governments on the need for all the territories served by LIAT to contribute through a Minimum Revenue Guarantee model.

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  1. Ahem, ahem, ahem… WHEN did Reifer-Jones become the top decision-maker at LIAT? Has she now promoted herself from CFO to CFO to Shareholder Chairman?

    Enquiring minds want to know…

  2. Riefer jones you must go because you are not qualified enough to be getting that kind of salary from Liat. The cash strapped airline cannot afford your salary for while the airline cannot make a profit people like you have run out of ideas


  4. While I and other interested parties are bouyed by the CEO’s positive words, there is more that is required

    A) What is the operating monthly income?
    B) What is the passenger load % required to meet this target?
    C) What would be the average cost increase in fares for LIAT to meet objective A with passenger load B
    D) What would be the effect of removing all government collected taxes
    E) Finally, what would be the cost to Caricom governments of foregoing taxes annually?

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