FLAG CARRIER Philippine Airlines (PAL) is set to resume its Manila-Saipan service by March as part of its efforts to expand connectivity across the Pacific IslandsFLAG CARRIER Philippine Airlines (PAL) is set to resume its Manila-Saipan service by March as part of its efforts to expand connectivity across the Pacific Islands

PAL to resume Manila-Saipan flights by March

2025/12/12 00:03

FLAG CARRIER Philippine Airlines (PAL) is set to resume its Manila-Saipan service by March as part of its efforts to expand connectivity across the Pacific Islands.

“PAL is dedicated to expanding its global presence to meet the evolving needs of the market, across both passenger and cargo segments, while remaining steadfast in our commitment to delivering service excellence,” PAL President Richard Nuttall said in a media release on Thursday.

The flag carrier will operate the route twice weekly, with departures from Manila every Wednesday and Sunday and return flights on Mondays and Thursdays.

Saipan, a US territory, will mark PAL’s seventh destination in the United States, alongside Los Angeles, San Francisco, New York, Seattle, Guam, and Honolulu.

The Manila-Saipan route will complement PAL’s existing Pacific network, which currently includes flights to Guam, Honolulu, and services to Palau via Cebu. PAL first launched seasonal Manila-Saipan flights in 2016.

The airline is also scheduled to receive its Airbus A350-1000 by December or January.

The aircraft will be deployed on flights to New York as PAL continues to modernize its fleet and expand its US network.

Older aircraft are being refurbished under the carrier’s fleet modernization plan.

Financially, PAL Holdings, Inc., the operator of PAL, reported a 33.58% increase in attributable net income to P9.03 billion from P6.76 billion a year ago, supported by higher passenger revenues of P116.56 billion, up from P115.66 billion.

Cargo and ancillary revenues contributed P6.71 billion and P12.67 billion, respectively.

Total revenues for the nine-month period rose 2.68% to P136.01 billion from P132.45 billion, while gross expenses increased 3.96% to P124.85 billion from P120.09 billion.

At the Philippine Stock Exchange on Thursday, shares in PAL Holdings closed unchanged at P3.80 apiece. — Ashley Erika O. Jose

Sorumluluk Reddi: Bu sitede yeniden yayınlanan makaleler, halka açık platformlardan alınmıştır ve yalnızca bilgilendirme amaçlıdır. MEXC'nin görüşlerini yansıtmayabilir. Tüm hakları telif sahiplerine aittir. Herhangi bir içeriğin üçüncü taraf haklarını ihlal ettiğini düşünüyorsanız, kaldırılması için lütfen [email protected] ile iletişime geçin. MEXC, içeriğin doğruluğu, eksiksizliği veya güncelliği konusunda hiçbir garanti vermez ve sağlanan bilgilere dayalı olarak alınan herhangi bir eylemden sorumlu değildir. İçerik, finansal, yasal veya diğer profesyonel tavsiye niteliğinde değildir ve MEXC tarafından bir tavsiye veya onay olarak değerlendirilmemelidir.

Ayrıca Şunları da Beğenebilirsiniz

BlackRock boosts AI and US equity exposure in $185 billion models

BlackRock boosts AI and US equity exposure in $185 billion models

The post BlackRock boosts AI and US equity exposure in $185 billion models appeared on BitcoinEthereumNews.com. BlackRock is steering $185 billion worth of model portfolios deeper into US stocks and artificial intelligence. The decision came this week as the asset manager adjusted its entire model suite, increasing its equity allocation and dumping exposure to international developed markets. The firm now sits 2% overweight on stocks, after money moved between several of its biggest exchange-traded funds. This wasn’t a slow shuffle. Billions flowed across multiple ETFs on Tuesday as BlackRock executed the realignment. The iShares S&P 100 ETF (OEF) alone brought in $3.4 billion, the largest single-day haul in its history. The iShares Core S&P 500 ETF (IVV) collected $2.3 billion, while the iShares US Equity Factor Rotation Active ETF (DYNF) added nearly $2 billion. The rebalancing triggered swift inflows and outflows that realigned investor exposure on the back of performance data and macroeconomic outlooks. BlackRock raises equities on strong US earnings The model updates come as BlackRock backs the rally in American stocks, fueled by strong earnings and optimism around rate cuts. In an investment letter obtained by Bloomberg, the firm said US companies have delivered 11% earnings growth since the third quarter of 2024. Meanwhile, earnings across other developed markets barely touched 2%. That gap helped push the decision to drop international holdings in favor of American ones. Michael Gates, lead portfolio manager for BlackRock’s Target Allocation ETF model portfolio suite, said the US market is the only one showing consistency in sales growth, profit delivery, and revisions in analyst forecasts. “The US equity market continues to stand alone in terms of earnings delivery, sales growth and sustainable trends in analyst estimates and revisions,” Michael wrote. He added that non-US developed markets lagged far behind, especially when it came to sales. This week’s changes reflect that position. The move was made ahead of the Federal…
Paylaş
BitcoinEthereumNews2025/09/18 01:44