Taipan Lucio Tan’s Philippine Airlines delivered first quarter growth, but rising Middle East tensions are starting to cloud its outlook and pressure costs.
AirAsia Philippines has named Anna Victoria Lu as president and general manager, as the airline balances expansion plans against rising industry pressures.
Taipan Lucio Tan’s Philippine Airlines has resumed its Manila–Riyadh flights starting April 10 after suspending the route on March 30, restoring a key overseas Filipino worker (OFW) corridor amid ongoing conflict in the Middle East.
Taipan Lucio Tan’s Philippine Airlines secured a global credit rating from Moody’s Ratings that opens the door to international borrowing, even as Middle East risks mount.
AirAsia Philippines has officially completed the transfer of its international flight operations to Ninoy Aquino International Airport Terminal 1 as of March 29, marking a key operational shift timed with the Holy Week travel peak.
AirAsia Philippines, the domestic carrier backed by Malaysian tycoon Tony Fernandes, is in talks with aviation regulators to settle key issues tied to unpaid government dues and avoid potential flight disruptions.
Cebu Pacific, the country’s biggest airline by fleet size and passenger volume, said it is confident in its ability to navigate emerging fuel supply risks as pressure builds across the aviation sector.
The Gokongwei family-led Cebu Air Inc., operator of Cebu Pacific, said full-year revenue rose 14 percent to P119.9 billion while net income more than doubled to P12.3 billion.