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Good news for the country’s flag carrier.
Philippine Airlines reported operating income of $125 million (about P6.6 billion) and net comprehensive income of $71 million (about P4.2 billion) for the first six months of 2022. This is the first time the country’s flag carrier posted positive income since 2016. Total ...
 
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Good times are up ahead, the company hopes.
The country’s biggest budget carrier continued to bleed from the effects of the pandemic, but it sees a rebound in the travel market by the second quarter of this year. Cebu Air Inc., the operator of budget carrier Cebu Pacific, reported P15.7 ...
 
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Ouch.
Cebu Pacific reported losses of P21.99 billion in the first nine months of 2021, higher by nearly 41 percent compared to the P14.69 billion net loss during the same period last year. In a filing with the Philippine Stock Exchange Cebu Air ...
 
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High-class living.
Four Airbus A350s that were previously leased to Philippine Airlines will soon fly under the European airline Lufthansa. And a travel website claims that the ex-PAL planes actually have better business class seats than those of the German flag-carrier. According to Executive Traveller, ...
 
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Unlike PAL.
Cebu Pacific has no plans to reduce its fleet despite mounting losses and restrictions on air travel still in place in the country. The budget carrier said it intends to retain its fleet of 73 jets and turboprops.“The 73 aircraft are for the ...
 
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PAL is a survivor, company says.
Philippine Airlines (PAL) officially filed for Chapter 11 bankruptcy last week, but it still needs to be approved by the courts in the U.S. Company officials said chances that the restructuring program will be rejected are “very, very small.” The country’s flag carrier expects ...
 
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But PAL will continue to operate.
Philippine Airlines has officially filed for Chapter 11 bankruptcy in the U.S. and has simultaneously executed a supporting filing under the Financial Rehabilitation and Insolvency Act in the Philippines. The twin filings are meant to ensure that the flag carrier will continue ...
 
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Bad news.
Cathay Pacific is permanently closing its ticketing offices in Manila and Cebu starting September 1, 2021. The Hong Kong-based airline said its ticketing office at the 20th floor of the LKG Towers along Ayala Avenue in Makati City and at the 12th ...
 
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The policy will make it easier for vaccinated foreign travelers to enter the Philippines.
A “green lane” for fully vaccinated travelers might just be what the country needs to help drum up the tourism industry in the Philippines. This is according to AirAsia officials, who said the company supports the proposal of the Department of Tourism ...
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