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Air Jamaica And Government Spending

  • Peter W Jones

    (Economic Development Institute)

The Sunday Herald carried recently a very good investigative piece on Air Jamaica losing $JA33 Billion dollars over 10 years. It should be noted the last time Air Jamaica made a net profit was in 1974 of $US 250,000 under President Guillermo “Bigge” Machado(a Jamaican President). The Government has come out and said clearly they will continue to support Air Jamaica. In addition not mentioned in the article, IATA has stated that World Airlines for 2004 will loose $US5 Billion dollars.

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File URL: http://econwpa.repec.org/eps/dev/papers/0411/0411008.pdf
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Paper provided by EconWPA in its series Development and Comp Systems with number 0411008.

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Length: 3 pages
Date of creation: 04 Nov 2004
Date of revision:
Handle: RePEc:wpa:wuwpdc:0411008
Note: Type of Document - pdf; pages: 3
Contact details of provider: Web page: http://econwpa.repec.org

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