Philippine Airlines Defers Deliveries, Adds Cost Controls After Q1 Loss

Philippine Airlines (PAL) has announced cost-control strategies after recording a PHP9.4 billion ($184 million) loss for the first quarter (Q1) of 2020. To preserve cash, the flag-carrier said it will defer aircraft deliveries, move to a “skeletal” workforce and halt capital expenditure. PAL...
Chen Chuanren

Chen Chuanren is the Southeast Asia and China Editor for the Aviation Week Network’s (AWN) Air Transport World (ATW) and the Asia-Pacific Defense Correspondent for AWN, joining the team in 2017.

Subscription Required

 

Philippine Airlines Defers Deliveries, Adds Cost Controls After Q1 Loss is published in Aviation Daily, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.

Already a member of AWIN or subscribe to Aviation Daily through your company? Login with your existing email and password

Not a member?  Learn how to access the market intelligence and data you need to stay abreast of what's happening in the air transport community.