All Philippine Airlines articles
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AnalysisAirlines report profits amid troublesome geopolitical and economic outlooks
The current financial results season has seen more airline groups return to profit for the quarter ending 30 June, with many reporting higher-than-expected demand and strong yields in passenger and cargo markets. The latest to report is Lufthansa Group, which today cited a “boom in demand for airline tickets” as ...
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News
PAL hopeful of China reopening as international capacity hits 60%
With China yet to reopen its borders, Philippines Airlines, which counts the Mainland among its key markets, is reallocating capacity to other parts of its network.
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Philippine Airlines parent swings to Q1 profit as post-restructuring recovery gathers pace
Philippine Airlines parent company PAL Holdings rebounded to profitability in the three months to 31 March, on the back of a dramatic rise in revenues following easing of travel restrictions in key markets around the world.
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Philippine Airlines parent returns to profitability, targets growth in 2022
PAL Holdings swung back to profitability – helped by a reduction in costs – as the group eyes growth and recovery this year.
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Philippine Airlines appoints new president, COO
Philippine Airlines has appointed Stanley Ng as its new acting president and operating chief effective immediately — its first senior management change since exiting restructuring in late-December.
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Philippine Airlines exits Chapter 11; eyes cargo, digital growth
Philippine Airlines (PAL) has emerged from Chapter 11 bankruptcy protection after a four-month process, and has set it sights on growing its fledging cargo business and digital initiatives.
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Philippine court grants local recognition for PAL Chapter 11 filling
Philippine Airlines has gained approval from a local court for a petition to formally recognise its Chapter 11 bankruptcy protection process in the USA .
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Tycoon Lucio Tan to inject nearly Ps13 billion into PAL parent company
Filipino billionaire Lucio Tan is extending Ps12.8 billion ($251 million) in “fresh and additional capital” to the parent company of beleaguered Philippine Airlines.
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PAL files petition for local recognition of Chapter 11 rulings
Philippine Airlines has filed a petition with a local court to “recognise formally” the Chapter 11 bankruptcy protection process currently being heard in New York.
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PAL says ‘no certainty’ Chapter 11 proceedings will complete by 2021
Philippine Airlines (PAL) has said there is “no certainty” its business restructuring process will end by 2021, noting that a variety of factors will affect the timeline.
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Philippine Airlines to restructure amid widening full-year losses
Philippine Airlines (PAL) is working towards “a comprehensive restructuring plan”, as the embattled carrier widened its full-year losses on what it called the “extraordinary impact” of the coronavirus pandemic.
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PAL informs lessors of Chapter 11 filing deadline: sources
Philippine Airlines has informed its lessors of a plan to file for Chapter 11 bankruptcy protection in the USA by the end of May, three people with knowledge of the matter tell Cirium.
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PAL to cut workforce by one-third from mid-March
Philippine Airlines (PAL) will axe about 2,300 staff across its business, starting mid-March, a move that has been looming since October.
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In depth
Resilient Philippine Airlines fights the odds against coronavirus
The Philippines has had a tough run during the coronavirus pandemic, but Philippine Airlines (PAL) is determined to keep fighting to preserve the island nation’s connectivity.
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United Airlines protests PAL Express and PAL codeshare
United Airlines has protested plans for a PAL Express codeshare with Philippine Airlines on scheduled flights between Manila and Guam, according to a document published by the US Department of Transportation on 18 November.
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Philippine Airlines parent delivers third-quarter loss
Flat revenue and costs have kept the parent company of Philippine Airlines in its loss making status during the third quarter, where it posted an operating loss of Ps2.85 billion ($56.2 million).
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CAE adds new training facilities, signs new airline customers
Flight training provider CAE is expanding its footprint in Asia with the opening of new training centres in Bangkok and Delhi, as well as new training contracts with airlines in the region.
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Philippine Airlines names Santa Maria as president
Philippine Airlines (PAL) has named Gilbert Santa Maria as its new president and chief operating officer.
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Philippine Airlines president Bautista retires
Jaime Bautista retired from his position as president and chief operating officer of Philippine Airlines on 18 June.
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Philippine Airlines parent doubles loss in 2018
Philippine Airlines parent company PAL Holdings posted an operating loss of Ps5.24 billion ($101 million) in 2018, as fuel and aircraft lease costs drove expenses higher.
