GREAT BAY--The 2026 Country Budget presents Windward Islands Airways International N.V., better known as Winair, as one of the government-owned companies showing stable results, improved financial strength and continued operational consolidation.
According to the budget overview, Winair’s 2024 annual accounts have been completed and show a profit of USD 3.7 million, comparable to the company’s 2023 result, which also stood at USD 3.7 million.
The budget states that the stable profit development in 2023 and 2024 reflects a period of financial consolidation, supported by a solid revenue stream and cost control.
Figures submitted by Winair up to the third quarter of 2025 show a net profit of approximately USD 4.3 million, about USD 1 million higher than the same period in 2024. The budget attributes this result to improved passenger numbers, fleet optimization and better network performance.
The budget further notes that Winair’s equity has been positive since 2023, supported by improved operational margins and the absence of debt following the full repayment of the COVID-19 loan. The positive results in 2024 and the expected profit in 2025 are expected to further strengthen the company’s equity position.
Winair is also actively working to bring its balance sheet ratios to levels considered healthy in the aviation sector. These include the current ratio, quick ratio, solvency ratio and the expansion of the company’s cash buffer from three months to six months. For the full year 2025, the budget expects a positive result of at least USD 4.5 million.
The budget’s financial overview comes as Winair has also been expanding its regional role. In August 2025, the airline announced the arrival of its fourth ATR 42-500 aircraft, expanding its fleet to nine aircraft and more than doubling in size since 2023. Winair said at the time that the expansion strengthened its position as operator of one of the largest intra-Caribbean networks, serving 17 destinations with more than 30 routes. The airline also reported a 16 percent increase in scheduled capacity, a 22 percent increase in passengers carried and 28 percent growth in total revenue in the first half of 2025 compared to the same period in 2024.
In early 2026, Winair also launched new scheduled nonstop service between St. Maarten and Port of Spain, Trinidad. The route officially commenced on February 1, 2026, with twice-weekly service on Wednesdays and Sundays, connecting St. Maarten to Trinidad while supporting tourism, trade, business travel and cultural exchange between the Northern and Southern Caribbean.
The airline has also strengthened its ground handling business. In March 2026, Winair announced that its ground handling division, WGH, had been selected to provide full above-the-wing and below-the-wing services for Southwest Airlines at Princess Juliana International Airport, beginning April 7, 2026. The arrangement came as Southwest introduced nine weekly flights to St. Maarten, including daily service from Orlando and twice-weekly service from Baltimore.
In addition, Winair’s interline partnership with U.S.-based Contour Airlines took effect on May 5, 2026. The partnership allows travelers to combine flights operated by both carriers under one itinerary, creating easier links between Contour’s network, Winair’s short-haul Caribbean routes, San Juan, St. Maarten and smaller Caribbean markets.
