Moderator: 3ne2nr Mods
Dohplaydat wrote:speedmelter wrote:Dohplaydat wrote:MaxPower wrote:speedmelter wrote:There is something that will guarantee cal to never make money and is that stupid airbridge to Tobago. It’s been a burden on this blasted country for too many years and will never be addressed.
Pretty much sums it all.
You know it often surprises me how much you all can learn from a simple economics class.
There are so many benefits of the air bridge both economic and social. We need a cheap low cost 'bridge' to Tobago. And if anything, an additional flight should be added for ad-hoc travel.
And as for making it profitable, many have tried, it just isn't possible given the ticket price.
The route is way too short to make money from a maintenance and overhead costing standpoint. Tobago should be accessible by boat only and have an emergency chopper for air transport. I don’t understand why there is need to air ferry persons several times for the day across there and back at the taxpayer expense.
Also subsidised and the time it takes is a deterrent for quick travel. But let me guess you're one of those who prefers Tobago secedes from the nation?
Blaze d Chalice wrote:Seeing CAL website having flights to:
Miami from May 15th "6 seats left"
Barbados from May 19th though and "only 5 seats left"
Jamaica from 1st June.
If you try to shift the date any earlier, it saying error or not available.
Any of them countries allowing incoming flights?
And Tobago-Germany (Condor) from June 26th.
Blaze d Chalice wrote:Seeing CAL website having flights to:
Miami from May 15th "6 seats left"
Barbados from May 19th though and "only 5 seats left"
Jamaica from 1st June.
If you try to shift the date any earlier, it saying error or not available.
Any of them countries allowing incoming flights?
And Tobago-Germany (Condor) from June 26th.
pugboy wrote:Common sales ploys built into all them airline ticketing software, real fraud indeedBlaze d Chalice wrote:Seeing CAL website having flights to:
Miami from May 15th "6 seats left"
Barbados from May 19th though and "only 5 seats left"
Jamaica from 1st June.
If you try to shift the date any earlier, it saying error or not available.
Any of them countries allowing incoming flights?
And Tobago-Germany (Condor) from June 26th.
V2NR 3.0 wrote:CAL to dam overpriced and expensive. Im a CAL fan, but they breaking my pockets - JetBlue for it
V2NR 3.0 wrote:CAL to dam overpriced and expensive. Im a CAL fan, but they breaking my pockets - JetBlue for it
That is US dollars we will not see again. Imbert son still working there?shaneelal wrote:Seems gov't already secured a loan to assist CAL.
Finance Minister Colm Imbert - “As you will realise Caribbean Airlines is earning no money at this point in time, so that we have secured a 65 million US dollar loan (TT$442m) to assist Caribbean Airlines. We may need to give WASA (Water and Sewerage Authority) some supplementary funding, that is being looked at right now."
https://trinidadexpress.com/newsextra/t ... cd1f6.html
shaneelal wrote:Seems gov't already secured a loan to assist CAL.
Finance Minister Colm Imbert - “As you will realise Caribbean Airlines is earning no money at this point in time, so that we have secured a 65 million US dollar loan (TT$442m) to assist Caribbean Airlines. We may need to give WASA (Water and Sewerage Authority) some supplementary funding, that is being looked at right now."
https://trinidadexpress.com/newsextra/t ... cd1f6.html
Management and pilots better be taking a huge pay cut. With airlines going bankrupt and most commercial pilots furloughed it is easy to get 737 pilots willing to work for half the pay.MaxPower wrote:shaneelal wrote:Seems gov't already secured a loan to assist CAL.
Finance Minister Colm Imbert - “As you will realise Caribbean Airlines is earning no money at this point in time, so that we have secured a 65 million US dollar loan (TT$442m) to assist Caribbean Airlines. We may need to give WASA (Water and Sewerage Authority) some supplementary funding, that is being looked at right now."
https://trinidadexpress.com/newsextra/t ... cd1f6.html
Yeh boi,
$442m TT to pay salaries especially pilots ranging from 25k to over 100k who home breezing.
But people cant even get a $1500 grant.
Sharing the burden man.
neilsingh100 wrote:Management and pilots better be taking a huge pay cut. With airlines going bankrupt and most commercial pilots furloughed it is easy to get 737 pilots willing to work for half the pay.MaxPower wrote:shaneelal wrote:Seems gov't already secured a loan to assist CAL.
Finance Minister Colm Imbert - “As you will realise Caribbean Airlines is earning no money at this point in time, so that we have secured a 65 million US dollar loan (TT$442m) to assist Caribbean Airlines. We may need to give WASA (Water and Sewerage Authority) some supplementary funding, that is being looked at right now."
https://trinidadexpress.com/newsextra/t ... cd1f6.html
Yeh boi,
$442m TT to pay salaries especially pilots ranging from 25k to over 100k who home breezing.
But people cant even get a $1500 grant.
Sharing the burden man.
shake d livin wake d dead wrote:CAL is the next CLICO?
Penguin wrote:shake d livin wake d dead wrote:CAL is the next CLICO?
No because CAL was actually profiting finally after, CLICO went bus due to poor investment choices. CAL is being hit hard through no fault of their own. They were improving drastically under the new CEO.
MaxPower wrote:Penguin wrote:shake d livin wake d dead wrote:CAL is the next CLICO?
No because CAL was actually profiting finally after, CLICO went bus due to poor investment choices. CAL is being hit hard through no fault of their own. They were improving drastically under the new CEO.
Unaudited profits?
Penguin wrote:MaxPower wrote:Penguin wrote:shake d livin wake d dead wrote:CAL is the next CLICO?
No because CAL was actually profiting finally after, CLICO went bus due to poor investment choices. CAL is being hit hard through no fault of their own. They were improving drastically under the new CEO.
Unaudited profits?
Yea but even if it wasn't audited yet, you have to be blind not see the improvements they were making these last 2 years.
Penguin wrote:MaxPower wrote:Penguin wrote:shake d livin wake d dead wrote:CAL is the next CLICO?
No because CAL was actually profiting finally after, CLICO went bus due to poor investment choices. CAL is being hit hard through no fault of their own. They were improving drastically under the new CEO.
Unaudited profits?
Yea but even if it wasn't audited yet, you have to be blind not see the improvements they were making these last 2 years.
Wish we had some audited financials to verify these so called profits. I suspect it was write offs and creative accounting that generated those profits but still does not change the fact putting money into CAL is a bad idea. Even Warren Buffet sold off all Berkshire Hathaway's airline shares since airlines are bad investment for the foreseeable future. Even more absurd is government putting more money behind a failed airline than they allocated to small businesses or to pay salary relief grant etc.Dizzy28 wrote:Tell me more about last year's write down from NPPenguin wrote:MaxPower wrote:Penguin wrote:shake d livin wake d dead wrote:CAL is the next CLICO?
No because CAL was actually profiting finally after, CLICO went bus due to poor investment choices. CAL is being hit hard through no fault of their own. They were improving drastically under the new CEO.
Unaudited profits?
Yea but even if it wasn't audited yet, you have to be blind not see the improvements they were making these last 2 years.
neilsingh100 wrote:The lease on the 12 Boeing 737-800 airplanes in CAL's fleet is costing approximately TT$25 million / month so over two years that is TT$600 million not counting other cost like salaries which will most likely push cost to taxpayers into the billions.
neilsingh100 wrote:Wish we had some audited financials to verify these so called profits. I suspect it was write offs and creative accounting that generated those profits but still does not change the fact putting money into CAL is a bad idea. Even Warren Buffet sold off all Berkshire Hathaway's airline shares since airlines are bad investment for the foreseeable future. Even more absurd is government putting more behind a failed airline than they allocated to small businesses or to pay salary relief grant etc.Dizzy28 wrote:Tell me more about last year's write down from NPPenguin wrote:MaxPower wrote:Penguin wrote:shake d livin wake d dead wrote:CAL is the next CLICO?
No because CAL was actually profiting finally after, CLICO went bus due to poor investment choices. CAL is being hit hard through no fault of their own. They were improving drastically under the new CEO.
Unaudited profits?
Yea but even if it wasn't audited yet, you have to be blind not see the improvements they were making these last 2 years.
Dave wrote:They wrote each others AP and AR off?
Dave wrote:Debt forgiveness is a cash flow thing not a profit effect.
If they wrote off something that was known to be bad but subsequently was cleared then they would realise more profit.
Nobody knows for sure right....
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