Excel (XL) Airways Jet
Basseterre, St. Kitts – Nevis
August 26, 2008
Excel Airways has announced that they will cease operations on all of their six Caribbean routes for this coming winter due to adverse market conditions. XL currently provides airlift services to St Kitts, Antigua, St. Lucia, Barbados, Grenada and Tobago from London. The weekly flight from Gatwick will fly for the last time on Monday November 3rd 2009.
XL.com Managing Director Martin Lock said “The Caribbean routes’ lack of profitability has been a challenge for XL Airways over recent months.
The main factors causing this are the extremely high fuel prices which result in long haul routes bearing very high costs compared to 6 months ago.
There has also been a serious downturn in the UK economy leading to lower demand for flights and holidays and again, because of their higher prices, the long haul routes from the UK are seeing even more of a softening of demand than short haul.
This weaker demand has lead to XL Airways having to keep our prices competitive as we try and attract more customers.