Product Overview
Philippine Airlines, Inc. (abbreviated as PAL and also known historically as Philippine Air Lines) operating as Philippine Airlines, is a flag carrier of the Philippines. Headquartered at the Philippine National Bank Financial Center in Pasay City. The airline was founded in 1941 and is the first and oldest commercial airlines in Asia operating under its original name. Out of its hubs at Ninoy Aquino International Airport of Manila and Mactan-Cebu International Airport of Cebu City, Philippine Airlines serves 29 destinations in the Philippines and 31 destinations in Southeast Asia, South Asia, East Asia, Oceania and North America.
Formerly one of the largest Asian airlines, PAL was severely affected by the 1997 Asian Financial Crisis. In one of the Philippines' biggest corporate failures, PAL was forced to downsize its international operations by completely cutting flights to Europe and Middle East. It also had to cut virtually all domestic flights except routes operated from Manila, reduce the size of its fleet, and lay off thousands of employees. The airline was placed under receivership in 1998, and gradually restored operations to many destinations. PAL exited receivership in 2007, and following the takeover of San Miguel Corporation in 2012, has been taking steps towards reestablishing itself as one of Asia's premier carriers.
