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CAL expects to break even on PoS-London route this year

Rabindra-Moonan

PORT OF SPAIN, Trinidad , May 9, 2013 - Caribbean Airlines (CAL) expects to break even on its London route sometime this year, the company’s chairman Rabindra Moonan said yesterday. This is earlier than the three-year period previously anticipated when CAL launched its Port of Spain to Gatwick, London, route just about a year ago.

“The London route was supposed to be six flights to Gatwick, but management made a decision, and the board approved, for two flights a week. We have now gone to three flights a week and the load factor on those flights is close to 90 per cent and whereas we thought it would have taken three years to break even, we will hit the break-even point sometime this year and we are very proud and happy about that,” Moonan said in a telephone interview.

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