The Trinidad & Tobago-based Caribbean Airlines has confirmed that it will not be increasing ticket prices after the Persad-Bissessar administration announced this week that it was ending its fuel subsidy to the state-owned carrier.
The twin-island nation's finance minister Larry Howai said the subsidy, which was estimated at US$40 million last year, would come to an end on October 1.
Caribbean Airlines said the trigger price level for the subsidy has been increased each year over the
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