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...
Flag carrier Philippine Airlines (PAL) is adding more than 20 flight options for Filipinos traveling to Europe through its expanded partnership with Qatar Airways. In a statement, PAL said it has signed a fresh agreement with Qatar Airways to enhance its codeshare partnership in a bid to broaden...
Flag carrier Philippine Airlines (PAL) will soon provide travelers with more options when flying to major destinations in the United States (US) after receiving regulatory approval for its proposed expanded partnership with Alaska Airlines. In a notice of action dated May 13, seen by Manila...
Some of the biggest United States (US)-based air carriers have indicated no objection to Lucio Tan-led flag carrier Philippine Airlines’ (PAL) proposed expanded connectivity to key US gateways through a codeshare agreement with Alaska Airlines. In a May 6 regulatory filing seen by Manila...
Lucio Tan-led flag carrier Philippine Airlines Inc. (PAL) and Alaska Airlines Inc. have jointly applied for expanded reciprocal codeshare services covering flights between the Philippines, the United States (US), and beyond, in a move aimed at deepening connectivity to Hawaii and other US...
The Civil Aeronautics Board (CAB) increased the passenger fuel surcharge to a record level as global jet fuel prices continue to surge, a move that is set to make air travel more expensive for the remainder of the month. In an advisory dated April 13 but released on Wednesday, April 22, the CAB...
Flag carrier Philippine Airlines (PAL) is cementing its presence in the United States (US) with the launch of nonstop flights between Manila and Chicago beginning in November, providing Filipinos with a direct link to the Midwest. In a statement, PAL announced that it will mount thrice-weekly...
Flag carrier Philippine Airlines (PAL) is reinforcing its presence in the United States (US) by opening new flight routes from San Francisco and Seattle through an expanded codeshare agreement with American Airlines. PAL will be connecting Filipinos to more US destinations after its request to...
Filipinos will soon be able to fly directly from Manila to Chicago after the United States (US) government approved flag carrier Philippine Airlines’ (PAL) request to operate the new transpacific service. In a notice of action dated April 9, seen by Manila Bulletin, the US Department of...
