Prime Minister Kamla Persad-Bissessar has issued a stern warning to the management of Caribbean Airlines Limited (CAL), highlighting the airline’s failure to submit audited financial statements for the past nine years.
Speaking during the Monday Night Report, she expressed serious concerns over the lack of transparency, especially given the company’s eighty-six-member finance department and more than $60 million spent on Ernst & Young and PricewaterhouseCoopers to conduct financial audits. She also highlighted even more financially troubling facts about the company.
“Do you know that not one single Caribbean Airlines route is profitable? Not one route is profitable yet plane filling up everyday going and coming. Not one single route of Caribbean Airlines is bringing a profit but we are spending millions of dollars there.”
She said no longer would the taxes of ordinary citizens be used to support CAL and the management who receive large salaries while failing at their jobs.
“I am giving the management of Caribbean Airlines two years max. They have to sort out the mess, otherwise everyone there will have to look for a new job. Everyone will have to look for a new job. Your future is in your hands.”