Philippine Airlines is proud to continue
flying during our restructuring process
and looks forward to a stronger future.
On September 03, Philippine Airlines announced the voluntary decision to undergo financial restructuring under the U.S. Chapter 11 process. This step is part of a set of major agreements PAL has reached with substantially all of our stakeholders, and with one objective: to build a stronger Philippine Airlines so that we can serve our customers better and continue our mission as a full-service airline and flag carrier of the Philippines.
Chapter 11 is a globally recognized U.S. legal process that many airlines have used to reinvent themselves into more successful companies. The restructuring will enable PAL to emerge with fresh capital, lower debt and a sturdier financial foundation for the future.
We will continue to fly and to serve our customers throughout this process: it is business as usual for us. PAL continues to increase domestic and international flights as travel demand recovers with the easing of travel restrictions, and we will roll out new products and services that help make flying safer and more convenient.
Our highest priority is the safety and health of our passengers, our employees, and the communities we serve. Nothing about that will change as we undergo restructuring.
After 80 years of flying the Philippine flag, we recognize that our nation will look up to PAL to sustain the links and connections that unite our island country and bring life to our communities and economy. We pledge to work harder to earn your continuing support, to deliver buong pusong alaga (whole-hearted care) and provide a beacon of hope to Filipinos and travelers from all over the world.
Thank you for your support for PAL’s recovery and renewal.
October 1, 2021
PAL announced today that it received U.S. court approval on a final basis to access its debtor-in-possession (“DIP”) financing totaling US$505 million, a core feature of the flag carrier’s restructuring plan.
What To Know
All passenger and cargo flights will continue to operate – it is business as usual for PAL.
All current and future tickets and travel vouchers will be honored, subject to the usual terms and conditions of use.
Passengers may browse, book and buy tickets from our website, mobile app, ticket offices, contact centers and partner travel agents.
Mabuhay Miles will continue to be earned and honored subject to the usual terms and conditions of use.