It would be a welcome break for LIAT’s passengers if the airline could also reduce it fares, but that will probably not happen. As with other airlines around the world, LIAT’s shareholders and management are more likely to use savings from reduced fuel costs to reduce debt and stabilize the company. Given the very important role the airline plays in transporting both Caribbean travellers and tourists, passengers will grudgingly forego a drop in fares if the airline is seen to use the reduction in its fuel costs to make itself viable. Let us hope that happens.
Posted on: Fri, 05 Dec 2014 13:48:28 +0000
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