BWIA improves as privatisation starts to pay off

BWIA INTERNATIONAL Airways has reported a "dramatically improved" second quarter, following its privatisation in February. The net loss was reduced to less than $1 million, compared with $8.8 million a year ago before privatisation.

President Edward Wegel says that the results are "especially gratifying", given that May and June are traditionally two of the weakest months for the Trinidad-based carrier. The financial improvement is expected to continue through into the third quarter, he says.

BWIA says that its net loss since privatisation comes to only $65,000, against more than $10 million over the same period in 1994. The airline operates seven McDonnell Douglas MD-83s and five Lockheed L.1011s.

Source: Flight International