Flag carrier Philippine Airlines (PAL) swung to a net loss in the first half of the year as escalation in Middle East geopolitical conflict pushed jet fuel expenses sharply higher, overwhelming steady top-line growth and disciplined non-fuel spending. PAL’s parent firm PAL Holdings Inc. reported...
For many people, luxury is often associated with first-class travel, where spacious seats, personalized service, and restful journeys define the experience. Sealy Posturepedic believes that the same level of comfort should not be limited to time spent in the air but should also be part of everyday...
Flag carrier Philippine Airlines (PAL) expanded its debut international bond offering by $50 million, tapping strong demand from global investors to raise its five-year debt issuance to $350 million. In a disclosure to the Philippine Stock Exchange, the airline’s parent company PAL Holdings Inc....
Flag carrier Philippine Airlines (PAL) signed an agreement to acquire as many as 14 additional Airbus SE A350-1000 widebody jets, doubling down on ultra-long-haul transpacific routes as Southeast Asia 's aviation sector expands international connectivity. The flag carrier executed a memorandum...
Flag carrier Philippine Airlines (PAL) committed to purchasing up to 20 Boeing Co. 787 Dreamliner aircraft, the flag carrier’s largest direct widebody agreement with the United States (US) planemaker in decades as it ramps up long-haul fleet modernization. The preliminary agreement, unveiled...
Philippine Airlines (PAL) raised $300 million through its debut international bond offering, tapping global debt markets to fund its network expansion and fleet modernization following a successful financial turnaround. The flag carrier’s wholly owned subsidiary, Primero Agila Limited, priced the...
Flag carrier Philippine Airlines (PAL) is resuming its direct service between Manila and Dubai in the United Arab Emirates (UAE) as it looks to take advantage of easing conditions in the Middle East while restoring connectivity to a major gateway for overseas Filipinos. In an advisory on Monday,...
Philippine Airlines (PAL) is preparing a return to the international debt markets with a proposed sale of United States (US) dollar-denominated fixed-rate notes, capitalizing on an operational turnaround that recently culminated in an invitation to join the Oneworld global airline alliance. The...
Philippine Airlines (PAL) secured a stable outlook and its first-time “BB” credit rating from Fitch Ratings, indicating the flag carrier maintains enough financial flexibility to withstand severe global headwinds and capacity constraints In a June 11 commentary, Fitch said the non-investment...
Philippine conglomerates operating in critical sectors like real estate, power, energy, and telecommunications are facing heightened financial strain from the strengthening United States (US) dollar, which threatens to inflate the cost of their foreign-denominated debt. The brewing corporate...
Airlines are projected to see their combined profits cut in half to $23 billion this year as margins tighten further amid higher jet fuel costs, whose prices have soared due to the ongoing conflict in the Middle East, according to the International Air Transport Association (IATA). Based on its...
Philippine Airlines (PAL) has received an invitation to join the Oneworld Alliance, a move that will integrate the country’s flag carrier into the global network spanning nearly 1,000 destinations. The announcement was made Saturday, June 6, at the International Air Transport Association Annual...
