Philippine Airlines (PAL) expects its passenger volume to grow by more than a tenth this year as it aims for uninterrupted operations. “We are looking at 10 to 12 percent growth. The load factor of the flights is expected to improve," said PAL president Jaime B. Bautista.
Mr. Bautista refused to comment on ongoing talks between San Miguel Corp. and PAL majority shareholder Lucio Tan for a takeover deal.
PAL Holdings Inc., operator of PAL, posted PhP3.628 billion in nine-month losses, a reversal from PhP3.236 billion total comprehensive income recorded a year ago.