Tag page - airlines

Airlines cannot cut costs enough to stave off bankruptcies and keep jobs in 2021, according to the newest analysis of the International Air Transport Association (IATA). As a result, airlines would be forced to cut their labor force by 40 per cent. Unless governments act fast, some 1.3 million...

With the resumption of international leisure travel and with travel agency operations again allowed to resume operations, the Philippine Travel Agencies Association (PTAA) has renewed calls for airlines to fully refund P315.55 million in cancelled flights since March when the government-imposed...

The Department of Finance (DOF) said that local airlines have yet to submit the final loan plan to activate their P700 million financial support earmarked under the government’s economic stimulus programs. (Manila Bulletin File Photo) Finance Secretary Carlos G. Dominguez III said the amount of...

President Duterte’s chief economic manger admitted yesterday that the government cannot provide the entire financial relief needed by the aviation industry to save domestic  airlines badly hit by the coronavirus pandemic. Finance Secretary Carlos G. Dominguez III (DOF photo / Howard Felipe)...

Despite the restart of operations, the airline industry expects to burn through $77 billion in cash for the second half of this year, at $13 billion per month or $300,000 per minute, the International Air Transport Association (IATA) warned. The slow recovery of air travel will see the industry...