As airlines around the world announce their rehabilitation plans following the aviation demand downturn in 2020, there has been reports of Philippine Airlines planning to file for Chapter 11 Bankruptcy in the US. While not officially announced, it could be a key part in the airlines path to recovery.
Video/Image Credits: Philippine Airlines
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3 Comments
Fun fact: As part of the restructuring, there are some suggestions that Philippine Airlines is looking at potentially axing London due to the said route having low yields and that it was too complicated to maintain the route, even prior to the pandemic. It's quite sad because Philippine Airlines was the sole non-stop carrier between Manila and London.
The government should save the nation's second flag carrier. Pal has been declaring loss for many decades, anyway. Its bunkrupcy must be real this time..
They already filed chapter 11 bankruptcy.