LIAT WARNS OF POSSIBLE LAYOFF

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– Seeking to operate smaller airline in 2015.

 

The cash-strapped regional airline, LIAT, hinted at the possibility of layoffs in the coming months as it seeks to develop a smaller airline in 2015. The airline, which is owned by the governments of Antigua and Barbuda, Dominica, St. Vincent and the Grenadines and Barbados, said it is about to embark on its annual budget planning exercise and to put in place its operational plans for 2015.

The chief executive officer of the Antigua-based airline, David Evans, said like any responsible business “we have to examine our cost base and if we fly fewer aircrafts in 2015 than in 2014, we also need to reduce our costs to reflect this. “We have also been mandated by our Board of Directors to ensure that our costs reflect the level of activity that we carry out.” But he acknowledged “it is too early to say what impact there may be on jobs as a result of this, and the company will consult with its staff and their representatives over its plans before making any announcement”.

Earlier this year, LIAT said it would take “decisive action” to deal with unprofitable routes as it seeks to make its operations financially variable.

Extracted and modified from Caribbean 360

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