Philippine Airlines faces storm as Cebu Pacific grows, Tiger and AirAsia enter market
The Philippines is one the fastest growing air travel markets in the world, joining the likes of India, Indonesia, Mexico and Brazil in experiencing rapid passenger growth, driven by its archipelago geography which has aided strong domestic air travel growth rates. LCCs, especially locally based Cebu Pacific have transformed the industry, entering domestic markets previously not served with affordable air services. [2388 words]
Unlock the following content in this report:
- AirAsia to launch Philippines venture in 2011 as it becomes an "ASEAN airline"
- Cebu Pacific, Philippines’ largest carrier, flies high in IPO - but PAL risks being eclipsed
- Cebu Pacific 3Q2010 revenue up 31%, nine-month profit of USD110m
- Tiger Airways and SEAIR establish first 'partner airline' programme
- Philippine Airlines' growth slowing amid financial and labour difficulties as "survival strategy" is implemented
- 2011 to bring excitement - and major challenges for PAL - in the Philippine market
Graphs and data:
- AirAsia, Cebu Pacific, Jetstar and Tiger Airways’ current fleets and orders
- Philippine Airlines’ fleet: In service and on order
- Cebu Pacific fleet plans: Aircraft in service and on order
- Philippine domestic market shares by carrier: Nine months ended Sep-2010
- Philippine domestic capacity share by carrier: Nov-2010
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