16 March 2021
Flag carrier Philippine Airlines (PAL) celebrated its 80th birthday with pat in the back yesterday as it announced it will not be filing a chapter 11 bankruptcy proceedings anytime soon, according to its official.
"PAL is here to stay", its president and COO Gilbert Santa Maria said Monday.
PAL held an open-air dawn eucharistic celebration at the grounds of the south wing of NAIA Terminal 2 on March 15 to mark the ocassion.
It also earlier announced an P80 and $80 seat sale to celebrate its 80th birthday.
"Buhay pa tayo. Andito pa tayo. At hindi tayo aalis. (PAL is alive, we're still here, and we're here to stay.) This great lady - Philippine Airlines - will stay aloft while she is in our care," Santa Maria said.
PAL said it has carried more than 73% of the 420,000 equivalent to 310,000 displaced overseas Filipino workers to their provinces from March 2020 up to today.
The airline is made afloat courtesy of contracts awarded by the Philippine government to carry displaced, and stranded Filipino workers, home and overseas.
Sta. Maria said PAL has focused its operations on repatriation flights and cargo transport as well a is rebuilding its network of commercial flights on key international and domestic routes.
“The flag carrier has restored regular commercial flights to the United States., Canada, Japan, Saudi Arabia, the United Arab Emirates, Qatar and several Asian countries as well as most of its domestic trunk and inter-island routes,” it said.
The flag carrier was also awarded contract to transport COVID-19 vaccines across the country. PAL has transported a total of 345,610 doses from March 2 to present.
PAL’s total revenues for the first nine months of 2020 stood at P45.29 billion, down 61.6% from the previous year’s P117.85 billion.
Its net loss to parent equity holders hit P28.85 billion, or more than three times the P8.49 billion recorded in 2019.
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