Presentations - 3rd Growth and Resilience Dialogue With Social Partners

• There’s no cheap travel in the Caribbean

– LIAT air fares are more than four times higher than intra-European air fares on a per-mile basis • Taxation is killing regional travel – Between 2009-2016, taxes increased by 56% * – On current ticket BGI-SKB-BGI, taxes/charges = 60% of total price • Hence: we don’t visit each other – LIAT traffic down 33% over 10 years* • Tourists don’t go island-hopping – But many would, if it was feasible - and cheap

A few travel truths:

* Presentation by LIAT CEO Mrs. Julie Reifer-Jones, ICAO Air Transport Meeting, Guyana, 2018