Jamaica Observer has reported regional carrier Caribbean Airlines (CA) said it will weather the COVID-19 crisis, despite CAPA Centre for Aviation forecast that most airlines in the world will be bankrupt by the end of May 2020, the news source said.
The airline said the board and management have done a thorough analysis of the financial position and have confidence in the company´s ability to weather the storm for the foreseeable future. There are clear plans in place to safeguard and mitigate any further financial pressures, and we continue to monitor and make adjustments as time passes. It is a dynamic situation and this position may change depending on the timeline of resumption of passenger service. The airline has contingency plans in place for the next six months.
While all other commercial passenger services are currently suspended, CA is now operating a reduced domestic schedule between Trinidad and Tobago. The airline also introduced a cargo charter service to meet the growing demand for cargo uplift within the Caribbean region, which is now experiencing significantly reduced cargo capacity with the closure of borders to passenger aircraft due to the COVID-19 pandemic.
The airline offers a barrel and e-container special out of New York, Fort Lauderdale and Miami to Kingston, Guyana, Barbados and Trinidad, that allows loved ones to ship care packages to their families.
Caribbean Airlines is preparing to restart operations once border restrictions are lifted and is focused on ensuring that the proper safety protocols are in place to protect its employees and customers when flying resumes.