Philippine Airlines’ (PAL) passenger volume declined for the September to November period following protests mounted by former employees against the airline’s spin-off program.
Domestic volume dove 20% while the load factor reached 70% for the period. International volume was almost the same as last year; load factor was in the mid-70%.
This month, load factor is expected to hit 80% with growth seen in the first two months of 2012.
From July to September, PAL incurred a net loss of $39.4 million, a turnaround from the profit of $26.7 million booked in the same period a year ago.
Photo from http://www.philippineairlines.
