Philippine Airlines Inc (PAL) said Monday that it is cutting up to a third of its workforce, or around 2,700 jobs, as the aviation sector continues to suffer from pandemic-driven travel curbs. “The collapse in travel demand and persistent travel restrictions on most global and domestic routes have made retrenchment inevitable,” PAL said in a statement. The retrenchment programme this quarter could cover up to 35 per cent of its roughly 7,800 personnel, it added.
PAL is running less than 15 per cent of its normal number of daily flights eight months after the Philippine government imposed travel curbs. The carrier, partly owned by Japan’s ANA Holdings Inc, lost roughly US$1 billion (RM4.2 billion) in revenues in March to May when the company suspended its operations because of a travel ban.