Philippine Airlines (PAL) has entered into a temporary wet-lease agreement with Europe’s Wamos Air to strengthen its fleet during the upcoming travel peak.
Amid sweltering temperatures averaging 35°C across Southeast Asia, regional budget carrier AirAsia has seen a surge in bookings, with over 1.5 million passengers planning their summer escapes.
Despite the global air cargo market experiencing a robust 11.9% growth in February 2024, the Asia-Pacific region witnessed a sharp slowdown in momentum, with cargo demand growth decelerating to 11.9% from January's 24.3%.
Tycoon Lucio Tan’s airline holding company PAL Holdings saw 2023 profits soar to a record P21.3 billion, doubling earnings due to the steep rise in passenger bookings.