Bahamasair continues to lose money
Mar 18, 2013
KINGSTON, Jamaica - The national airline, Bahamasair, recorded a loss of US$11.7 million last year compared with US$9.8 million in 2011, Deputy Prime Minister and Minister of Works and Urban Development, Philip Davis, has announced.
He said that for the period July-December 2012, the airlines revenue amounted to US$37.4 million, while expenses totalled US$49.1 million.
The increase in net loss has been attributed mainly to challenges associated with an aged fleet of aircraft along with increases in airport and fuel charges, Davis told legislators.
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