PAL Holdings Inc. (PHI), operator of the Philippine Airlines, said it is upgrading its fleet over the next few years to meet anticipated travel demand.
“Philippine Airlines is preparing for a significant fleet update with the planned delivery of nine Airbus A350-1000 long range aircraft and 13 A321Neo regional jets over the next few years,” PHI president Lucio Tan III said during the company’s virtual annual stockholders’ meeting.
“PAL is likewise moving forward with a comprehensive retrofit program for its existing A321 CEO fleet featuring new seats, enhanced Wi-Fi and modern in-flight entertainment systems to provide a more comfortable and connected passenger experience,” he said.
Tan said PAL is strengthening its competitive edge by expanding non-stop routes and forming new inter-airline partnerships to improve connectivity to global markets and offer customers greater flexibility and access to more destinations.
“As Philippine Airlines closes 2024, the company firmly stands at the forefront of the nation’s aviation industry, driven by a clear vision of responsible growth, operational excellence and meaningful impact,” Tan said.
“Despite challenges in the market environment, PAL delivered solid financial results, expanded its network and maintained high standards of customer service and operational reliability,” he said.
“PAL remains dedicated to connecting people, empowering its workforce, and advancing its sustainability goals. We will continue to serve as the trusted flag carrier, and a force for national and global progress,” said Tan.
PAL reported a net income of $151.1 million (P10.22 billion) in 2024, down 51 percent from $379 million (P21 billion) in 2023.
