PAL's budget airline reduces flights to and from Mindanao

Jul. 10--Bogged down by soaring jet fuel prices, Air Philippines, the budget airline unit of Philippine Airlines, yesterday cut some of its flight routes in Mindanao. Around the world, carriers have been shedding routes and reducing frequencies to cope with record jet fuel costs. In the US, airlines are exploring possible mergers, while at least one Asian carrier went belly up a few months ago. In its website, Air Philippines announced the suspension of its daily flights from Manila to Zamboanga, Davao and Cagayan de Oro and vice versa. "Flight suspended July 9, 2008, until further notice," the advisory from Air Philippines said, which was confirmed by an official of the airline. The same official said the suspended routes will be restored once the prices of crude oil stabilize. The airline carrier also suspended its Manila... [read full story]