May 25, 20201 min
Updated: Jun 21, 2020
There is no industry more greatly affected by the Covid-19 pandemic than the tourism industry. The Coronavirus has crippled airlines, tour operators, hotels and vacation rentals to a staggering degree with near zero demand for travel in majority of the country.
Philippine Airlines has been losing $300 million in revenue per month according to Philippine Airlines president and COO Gilbert Santa Maria in a Zoom interview with ANC. He also adds that all airlines are in the brink of bankruptcy due to Covid-19 with the Air Carriers Association of the Philippines asking lawmakers for a ₱8.6 Billion financial aid per month.
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Airlines in the Philippines are now planning GCQ to GCQ flights from June and July but will be operating at only a fraction of their normal flight schedules. PAL is looking at 20% to 30% for its domestic routes and 5% to 10% for international flights in the next couple of months while slowly adding flights based on demand in the coming months after. Will you be traveling anytime soon?