PAL losing P6M daily due to Zambo flights suspension

By Lenie Lectura, BusinessMirror

Posted at Sep 11 2013 08:48 AM | Updated as of Sep 11 2013 04:48 PM

MANILA - The indefinite suspension of flights in and out of Zamboanga City translates to P6 million worth of foregone revenues for Philippine Airlines (PAL), a source said Tuesday.

PAL and its budget unit PAL Express have canceled an average of seven roundtrip flights a day since the Civil Aviation Authority of the Philippines (Caap) indefinitely suspended commercial operations of all flights in and out of the Zamboanga International Airport on September 9.

“We don’t know when PAL flights will resume. Offhand, revenue losses amount to P4 million to P5 million. Another 10 percent of that value is for cargo. So the estimated revenue could amount to about P6 million a day,” said the source.

For Cebu Pacific, about 3,000 passengers were affected by the cancellation of flights to and from Zamboanga on September 9 and 10, company officials said in a text message when sought for comment.

As of September 10, the Caap said commercial flights are still suspended for security and safety measures.

It said 24 commercial flights were canceled for Tuesday’s operation, 14 of these are PAL Express flights and Cebu Pacific’s.