Cuba Crisis: Meliá Books US$8.7 Million Loss on Exit, Bahamas Drops 31 Cuban Teachers as US Aid Flies In
Meliá booked a €7.5 million first-half loss after a €79.4 million charge for leaving Cuba, the Bahamas is not renewing 31 Cuban teachers' contracts under US pressure, and a US$100 million US aid program is reaching the island only through the Catholic Church. The post Cuba Crisis: Meliá Books US$8.7 Million Loss on Exit, Bahamas Drops 31 Cuban Teachers as US Aid Flies In appeared first on The Rio…
Meliá Hotels International posted an €8.7 million ($8.7 million) loss for the first half of 2026 due to its closure of all Cuban operations. Excluding this provision, the company saw a €83.5 million ($96.8 million) profit, with revenue up 7.1% to €1.047 billion ($1.21 billion). Nassau will not renew contracts for 31 Cuban teachers for the 2026-2027 school year, suspending hiring of Cuban medical staff.
Washington accuses Havana of forcing international labor, classifying the scheme as forced labor, and has sanctioned Cuba’s health minister. US aid totaling $100 million is being delivered to Havana via the Catholic Church. Since January, a US fuel blockade has stifled Cuba’s economy, leading to a sixth nationwide blackout in early August.
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