Bahamasair Experiences Revenue Growth, But Still Losing Money

According to the Minister of State for Tourism and Aviation, Branville McCartney, the Bahamas' national flag air carrier, Bahamasair, has experienced several years of revenue growth, but the airline's expenses have grown even more, causing it to continue to lose money.

Since the 9/11 attacks in the US, the airline industry has been under tremendous pressure, particularly with the increase in the cost of security and the increase in the cost of fuel. In fact, according to Mr. McCartney, the airline’s management has a "Herculean" task in trying to reduce expenses. In 2006, the airline lost $20 million, and has budgeted to lose $16 million for 2007, a trend in the right direction.