Caribbean Airlines has completed its audited financial statements for 2017, 2018 and 2019 as the airline works to clear a nine-year backlog of outstanding audits.

The airline announced the progress at its ninth Annual General Meeting on September 22 at its head office in Piarco.

Caribbean Airlines said its 2020 audited financial statements are targeted for completion by the end of October 2026, while audits for the 2021 to 2025 financial years are also on schedule.

Chairman Reyna Kowlessar said bringing the financial statements up to date was an important part of the airline’s efforts to strengthen the organisation.

“Bringing the airline’s audited financial statements up to date, following an inherited nine-year backlog, is an essential part of our focus on rebuilding, growing and positioning Caribbean Airlines for lasting success,” Kowlessar said.

She thanked employees for the work completed so far and said the airline remained focused on improving its operations and financial performance.

The audit work comes as Caribbean Airlines faces continued pressure from rising fuel prices, which remain a significant cost for airlines.

The airline has been reviewing its network through a route rationalisation programme introduced in 2025, assessing routes against market demand and commercial realities.

It is also working to optimise its fleet, including the sale of two ATR aircraft. One of the aircraft has already been delivered to its new owner.

Caribbean Airlines said the measures are part of broader efforts to strengthen financial compliance and oversight while ensuring its resources are used responsibly.

The airline said the work is intended to support its long-term viability while maintaining essential connectivity.