SUMMARY
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There is reason to rejoice for the country’s flag carrier. It expects to start turning in a profit by 2014. Philippine Airlines president and chief operating officer Ramon Ang cited 3 reasons for the positive outlook: the acquisition of new and fuel-efficient aircraft, route expansion, and the impending lifting of flying restrictions to the US and European Union member-countries. Once the restrictions are lifted, PAL will be able to offer more flights to the US through its more fuel-efficient aircraft. The restrictions were a result of security concerns by the International Civil Aviation Organization of the United Nations. PAL is eyeing new flights to London, Paris, Frankfurt, Netherlands, Spain and Italy.
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