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Asian destinations of PAL Express (excluding that of Philippine Airlines); airplane icons: PAL Express hubs, red: all-year round, black: terminated destinations, yellow: future destinations, pink: seasonal service, turquoise: charter
The airline was founded on February 26, 1941, as Philippine Air Lines when its franchise to operate was transferred from Philippine Aerial Taxi Company (PATCO). [3]Formerly one of the largest airlines in Asia, PAL was severely affected by the 1997 Asian financial crisis.
In the airline industry, available seats are commonly referred to as inventory. The inventory of an airline is generally classified into service classes (e.g. economy, premium economy, business or first class) and any number of fare classes, to which different prices and booking conditions may apply.
E-tickets in the airline industry were devised in about 1994, [1] and have now largely replaced the older multi-layered paper ticketing systems. Since 1 June 2008, it has been mandatory for IATA members to use e-ticketing. Where paper tickets are still available, some airlines charge a fee for issuing paper tickets.
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PAL Express began carrying the brand name Philippine Airlines through a cooperative agreement with PAL. This strategy is intended to harmonize the two carriers in order to make them more competitive, ensure leadership and superior core services, and enhance the efficiency and profitability of both carriers. [ 4 ]
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