State-owned Caribbean Airlines (CAL) has recorded losses estimated at US$60 million for the fiscal year ending December 31, 2014. Although the accounts were still being compiled, Finance Minister Larry Howai stated that the losses take into account the US$38 million grant provided by the government during 2014 which was recorded as equity. The airline’s plan aims for a breakeven point in 2017. Last July, CAL announced that it was projecting a loss of just under TT$100million for its financial year 2013.

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