Brent Pinheiro
Turks and Caicos-based airline InterCaribbean Airways is set to increase its service to T&T from four weekly flights to daily flights.
Speaking with Guardian Media on the sidelines of the Caribbean Tourism Organization’s State of the Tourism Industry Conference in Georgetown, Guyana, on Wednesday, InterCaribbean Airways CEO Trevor Sadler said the airline had been doing well since it began flying to Port of Spain in March this year and was now preparing for the upcoming Carnival season.
“The load factors have been very positive, particularly over the summer, and now we’re already getting ready to add some inventory on that basis. Carnival comes around in February, and history has already told us that this is a very high-demand moment,” he said.
To meet the projected demand, the airline will replace the Embraer ERJ-145 currently servicing the route with the company’s newer 76-seat Embraer E170 aircraft. According to Sadler, this will add approximately 50 per cent more seats.
Using the E170s is part practical and part strategic as InterCaribbean navigates an operating environment in which high jet fuel prices, driven by the US-Iran war, are affecting its ability to offer affordable fares.
InterCaribbean does not hedge fuel prices, instead choosing to buy fuel at the market price on the day. However, Sadler said the airline’s location had worked in its favour.
“We’re more fortunate in the Caribbean than, say, being in Europe with respect to fuel pricing. We rely heavily on the US as the source market for much of the fuel,” he said.
Jet fuel prices are higher in Europe because of the conflict and supply disruptions. However, prices can fluctuate depending on the geopolitical events of the day. Sadler said this required daily monitoring to avoid placing a “further burden” on passengers.
Despite the high fuel prices, InterCaribbean’s expansion plans remain on track.
Sadler said that, as long as the company remained practical, the newer aircraft offered an opportunity to enter new markets and expand connectivity options.
Management is also considering introducing a premium onboard product, a move that would bring the airline more in line with many international carriers.
“We’ve conceptualised what we think is possible as a starting point where it doesn’t necessarily involve any cabin reconfiguration or, you know, expensive changes, moving bins and so forth,” he said.
He added: “We haven’t announced or launched, but we’re actively looking at what’s the proposition that we can offer as a premium cabin, particularly with the Embraer 170 aircraft.”