PAL Holdings, Inc.

PAL Holdings, Inc. (PAL) was originally incorporated in 1930 as Baguio Gold Mining Company. In 1996, the Securities and Exchange Commission (SEC) approved the change in the Company's name to Baguio Gold Holdings Corporation and the change in its primary purpose to that of a holding company. On January 19, 2007, the SEC approved another change in corporate name from Baguio Gold Holdings Corporation to PAL Holdings, Inc.

PAL and its subsidiaries, through Philippine Airlines, Inc., the Philippine national flag carrier and a major subsidiary of PAL, are primarily engaged in air transport of passengers and cargo within the Philippines and between the Philippines and several international destinations.

Source: SEC Form 17-A (2009)

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Kung walang drama walang saya Tongue
Awaiting for its Annual Report coming up soon. Smile
Spend money to make money

Philippine Airlines may be back in the black this year, but that doesn’t mean the flag carrier is about to start taking it easy.

Apart from its much-talked-about efforts to streamline its sometimes cumbersome cost structure inherited from its days as a government-owned firm, PAL is also trying to improve its revenue profile.

One particular area of interest for the airline is its lucrative trans-Pacific route which, according to our source, accounts for the biggest share of PAL’s revenue pie, but also has some of the slimmest profit margins.

To improve this, PAL not only needs to fly more passengers but it has to be able to do this more efficiently by using its brand-new Boeing 777 jets for its Manila-Los Angeles and Manila-San Francisco services (something currently prohibited by US government “Category 2” restrictions).

So PAL isn’t sitting around while waiting for this elusive upgrade to Category 1. In fact, PAL began last month paying for the services of a world-renowned aviation consultant, Tim Neel, whose specialty is getting downgraded countries upgraded to Category 1 status.

No, Tim Neel isn’t advising PAL, as the airline has always been up to par with international standards. The airline is paying him solely to help the government-run Civil Aviation Authority of the Philippines. That’s how important this is for PAL’s sustained profitability.—Daxim L. Lucas
PAL considers increasing flights

PHILIPPINE Airlines (PAL) is thinking of increasing its flights to popular routes within the region, company president Jaime Bautista said.

Rather than exploring new destinations, PAL is thinking of mounting more flights to its most travelled routes in the region such as Singapore, Bangkok, Hong Kong, India, South Korea, Beijing, Shanghai, Xiamen, among others. 

“More on expansion of routes,” said Bautista when asked of the airline’s expansion plans this year.

“China is a growing market.  We have flights to Beijing. We need bigger planes to Shanghai and Xiamen. These are all growing markets. South Korea also continues to grow. Likewise, traffic in Singapore, Bangkok and India is also growing,” said Bautista in an interview.

“Our [passenger] load factor is in the high 70s to low 80s,” he added. The passenger load factor is the ratio of revenue passenger miles to available seat miles of a particular flight.

PAL, he said, carried about 9 million passengers in fiscal year 2010-2011. “This is slightly lower than last fiscal year’s figures at 9.3 million because domestic passengers who used to fly with PAL flew with Air Philippines [now known as AirphilExpress], which is a subsidiary of PAL,” Bautista said.

PAL is set to announce its April 2010 to March 2011 financial results this month. “There is a turnaround from last fiscal year’s loss of about $14.3 million,” said Bautista, without providing details of the airline’s financial performance. “The report is still being finalized. Final figures will be released next week.”

PAL, he said, will post profits on account of an improved traffic and good economic condition in the US.”

“America will continue to contribute a big share in our revenues, especially if we add more flights to the US.  In Canada, we expect bigger revenue owing to the Boeing 777’s thrice-a-week operations there. But there is a slowdown in our Japan traffic,” said the PAL president. Japan was hit by twin disasters in March—a destructive earthquake and massive tsunami in the northeast part of the country.

Overall, the PAL official said 2011 is yet another challenging year for the airline industry  given the surge in jet fuel price which has gone up to $125 per barrel compared with last year which ranged between $100 and $115 per barrel.  “Turmoil in the Middle East continues which may lead to even higher oil price,” he noted.
Lumalakas nanaman mga bulung dito bulung doon kay PAL. Speculation mode ulit hehe...
Bought some shares at the close.
See you daw at 10, sobra naman ito, baka malula na mga pasahero.. goodluck to all holders.
bought PAL 5.80. Smile
(07-25-2011, 12:12 PM)nokp Wrote: bought PAL 5.80. Smile

Malufet ka na ha...para kang Bomb sniffer well trained...lock it up to tom at the Open ...Heart
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-Alan Greenspan-
...pwede na ba ako maningil sa chat? hahaha Big Grin bukas? hihih
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