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Saturday, May 4, 2024

Transport & Tourism

PAL booked $81-m income in first quarter

Philippine Airlines (PAL) said Thursday its comprehensive income fell 25 percent in the first quarter to $81 million from $108.2 million in the same period in 2023. The Lucio Tan-led airline said the drop was an expected outcome as global travel patterns normalize following the post-pandemic surge of 2023. “Our positive bottom line confirms that we are on track with our growth strategies, in the areas of fleet growth, route network...

MPTC to buy stake in Indonesian toll operator by August

Metro Pacific Tollways Corp. (MPTC) expects to finalize the acquisition of a...

Air passenger demand increased 13.8% in March

The International Air Transport Association (IATA) said global passenger demand, measured in...

AirAsia PH hiring more pilots, crew

AirAsia Philippines said Tuesday it is hiring more pilots to meet the...

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Air Asia acquiring more aircraft on fleet upgrade

Kuala Lumpur—Air Asia is acquiring 362 new A321neo aircraft in line with the airline’s sustainability program and upgrading of its fleet. Capital A (Air Asia)...

PITX handled over 102 million passengers since 2018

The Paranaque Integrated Terminal Exchange on Thursday said it handled more than 102 million passengers since its opening in 2018. "This milestone is a reflection...

MAP support NAIA privatization and upgrade

The Management Association of the Philippines said Thursday it supports public clamor for the expeditious privatization, whether by solicited or unsolicited bidding process, of...

SMC signs P100-b loan for MRT-7 project

San Miguel Corp. said Tuesday it signed a P100-billion syndicated loan agreement with a consortium of major Philippine banks for the ongoing construction of...

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