Belize - Belize News - Channel5Belize.com - Great Belize Productions - Belize Breaking News
Home » Economy, Featured, People & Places, Travel » Tropic Air is Down to 2% of Its Revenue
Jun 1, 2020

Tropic Air is Down to 2% of Its Revenue

Ravei Nunez

With ninety-eight percent losses being incurred by one carrier alone, the cost of delaying the reopening of the P.G.I.A. is staggering.  Investments have been made to improve the overall efficiency of Tropic Air, but with only a trickle of revenue coming in, the airline company is tethering on the brink of financial collapse.  According to Nunez, an additional cut will not necessarily save the airline industry if the government has not formulated a plan of action to reopen the P.G.I.A. with all the safeguards in place.

 

Isani Cayetano

“The continued closure of the Philip Goldson International Airport, the only international airport in the country, has some serious financial ramifications, as you’ve mentioned.  How are you guys coping to kind of deal with the significant loss in revenue and preparing for whatever eventualities are to come as a result of this continued closure?”

 

Ravei Nunez, Dep. Dir. Operations, Tropic Air

“So we’ve had to cut our operations by close to ninety-five percent.  The revenue we’re generating is close to two percent of what we’d be generating at this time of year.  So all that infrastructure is in place, all that infrastructure needs to be maintained, airplanes need to be maintained regardless of the amount of revenue that’s brought in.  So we have made significant cuts to staff, significant cuts to salaries in order for the company to maintain operations, in order for the company to keep the few of its passengers that we still have remaining moving.  We’re not sure how much longer we can keep this up.  Every single company that’s invested in the tourism industry and every single industry that benefits from the tourism indirectly, at some point has to make these decisions.  They have to make these cuts, if they haven’t done it already, the time for accounting will come.  It’s just a matter of whether we choose to put off that time or we choose to bring it forward.”


Viewers please note: This Internet newscast is a verbatim transcript of our evening television newscast. Where speakers use Kriol, we attempt to faithfully reproduce the quotes using a standard spelling system.

Advertise Here

Comments are closed