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Caribbean Airlines makes USD31m in profit: CEO

17-Nov-2011 12:38 PM

Caribbean Airlines (CAL) chairman George Nicholas recently stated “CAL is a profitable organisation” and believes the company will report a profit of USD31 million (TTD200 million) this year, "even with reduced fares and increased flights" (Stabroek News, 16-Nov-2011). Mr Nicholas also said Air Jamaica, after the merger, also made its first ever consecutive profit in its 50-year history.