Caribbean Airways plans to chop round 1 / 4 of its workers, or 450 workers, as a part of a restructuring of the provider.
The airline, headquartered in Trinidad & Tobago capital Port of Spain, additionally stated it might put numerous plane into storage.
Caribbean Airways stated the restructuring technique comes within the wake of the devastating Covid-19 disaster.
“We might want to modify operations to cater for a lowered scale of demand after the opening of the borders,” defined a press release.
”Put merely, passenger demand within the short- to medium-term is just not going to get better sufficiently to help the prevailing firm construction,” the airline added.
“As a consequence, Caribbean Airways is required to take additional steps to make sure it has a sustainable enterprise mannequin for 2021 and past.
“These steps embrace main price reductions in all areas of the operations, particularly its human useful resource complement, its fleet and different property, and its route community.”
Based on Cirium fleets information, the airline at the moment has six ATR 72-600 turboprops in operation, in addition to seven Boeing 737-800 plane.
It has 5 Boeing 737 Max planes on order.
The provider didn’t say what number of plane it’s going to take out of its working fleet as a part of the brand new technique.
The information comes on the identical day that Caribbean reported first quarter 2021 outcomes.
The provider posted a TT$172.7 million ($26 million) loss for the interval, and a 75 per cent decline in income, in comparison with the identical three months in 2020.