The losses were outlined in a performance report submitted to the Ministry of Public Enterprises, which oversees the finances of public bodies.
The report says “other operations” generated a profit of $1,455,954(US$546,713)
The jet operation ran at a loss of $6,640,178 (US$2,486,606) which led to a year-to-date net loss for the airline of $4,805,440(US$1,799,536).
This was due to an increase in spending for the jet operation.
Jet fuel spending for the quarter also exceeded its budget, says the report.