PAL expects profit to dip due to Mindanao martial law
Philippine Airlines (PAL) sees a decline in earnings this year after President Duterte declared martial law in Mindanao.
“For sure there will be an effect, it will result to a reduction in revenue, but we are hoping that this is the solution to the long term problem. So we want to look at it on a more positive way. When the peace and order situation is resolved, there will be more people traveling to Mindanao,” said PAL president Jaime J. Bautista.
Bautista said there were cancellation of flights, rebooking and fare refunds as an offshoot of the declaration of martial law in Mindanao.
“If there are issues like this, many passengers tried to defer their travel. We are now experiencing some cancellations but not that much,” he said.