PAL To Slow The Pace Of International Expansion

PAL To Slow The Pace Of International Expansion

The new executive team and board are now closely reviewing the previous business plan, which envisioned rapid growth of the fleet and international network. This review effectively began in Sep 2014 under Mr Bautista after San Miguel first agreed to sell back the stake to LT. Now that the deal is done and a new board is in place a new business plan can be prepared and implemented.

Under Mr Ang’s tenure, PAL added several medium long haul destinations and was planning to further expand the network in Europe and North America. PAL Holdings reported a 51% increase in passenger revenues in 2Q2014, driven mainly by the expansion of the international network. Monthly international passenger numbers were up between 15% and 39% the first seven months of 2014.

Lucio Tan retakes control of Philippine Airlines,
Philippine Airlines Online Booking,
Philippine Airline Ticket Price,
Philippine Airlines Flights,
Philippines Airline Ticket,
Air Philippines,
Singapore Airlines,
Airphil Express Online Booking,
Cebu Pacific Air Philippine Airlines,

Mohini Porwal [ B Sc]
Trainee News Editor
Philipines Aviation News Editor