Caribbean Airlines provides consultation process update

Caribbean Airlines has declared that the company has made “significant progress” on the previously announced consultation process for its proposed restructuring, undertaken as a result of the impact of the COVID-19 pandemic on its commercial activities. The airline has adjusted its planned strategy, fleet size and route network to reflect the decreased size of its future market, specifically, reduced passenger numbers, which is estimated to remain below 2019 levels for the next two to three years. During the past five weeks extensive discussions were held with employees and employee representatives in the various locations that Caribbean Airlines operates. The process