Caribbean Airlines has reported a 2018 revenue increase of 11% year-on-year, rising to TT$292 million (approximately $43.5 million).
The unaudited accounts for the fiscal year ending December 2018 show Earnings Before Interest and Taxes (EBIT) of TT$111 million comprising of TT$158 million on international and other operations.
Meanwhile, the firm did post a loss of TT$47 million on the domestic air bridge.
The combined net income resulted in an overall figure of TT$42 million, comprising of $TT109 million on the international and other operations and a net loss of TT$67 million on the air bridge.
Fuel costs harmed the airline, which spent TT$597 million, compared to TT$471 million in 2017 resulting in a year-on-year increase of TT$126 million.
“With the continuous improvement of our technological footprint and the meticulous, hard work of our employees, Caribbean Airlines is happy to confirm that it was able to record an operating profit in 2018 in contrast to a loss just two years ago," said Caribbean Airlines chairman S. Ronnie Mohammed. "We consider this an exceptional achievement for our airline and for the Caribbean. The Board of Directors will continue to support the management team towards the sustainability of this commercial success in 2019 and beyond. We thank our employees for their dedication and our customers for their loyal support.