The cost of inter-island travel has reached an all time high.The cost of airline tickets between islands have jumped to between 100-300 percent more in most cases.
With the merger between LIAT and Caribbean Star soon to be finalized it is being speculated that the reduction in competition between regional carriers has been responsible for this price hike.
Officials at Caribbean airlines are saying that it is their intention to be profitable from day one.
It is no secret that regional carriers have been operating at a loss for sometime.Some experts in the Caribbean airline industry have been saying for a long time that competition had driven the industry into an unsustainable position and hence we are now seeing true market prices.
Only time will tell what the true implications are for regional travel considering the ushering in of the csme and the hosting of the cricket world cup in a few weeks.
With the merger between LIAT and Caribbean Star soon to be finalized it is being speculated that the reduction in competition between regional carriers has been responsible for this price hike.
Officials at Caribbean airlines are saying that it is their intention to be profitable from day one.
It is no secret that regional carriers have been operating at a loss for sometime.Some experts in the Caribbean airline industry have been saying for a long time that competition had driven the industry into an unsustainable position and hence we are now seeing true market prices.
Only time will tell what the true implications are for regional travel considering the ushering in of the csme and the hosting of the cricket world cup in a few weeks.