GMA News
PAL restructures management team to sustain recovery momentum –PHI
Philippine Airlines (PAL) has reinstated key management positions, including Chief Commercial Officer (CCO), as part of an effort to sustain its recovery momentum.
This move, approved by the Board of Directors of PAL's operating subsidiary, follows Lucio Tan III's assumption of the presidency of PAL Holdings Inc. (PHI) in May 2023.
Eric David Anderson has been confirmed as the new CCO with the rank of Senior Vice President.
The airline aims to professionalize its organization and build a robust corporate structure to enhance competitiveness.
PAL is still in the process of naming an Executive Vice President who will report directly to the President and Chief Operating Officer.
The flag carrier posted a net income of $197 million in 2022 and a record-high $250 million earnings in the first six months of 2023, cementing its return to profitability after its 2021 Chapter 11 bankruptcy.
PHI President Lucio Tan III stated that PAL is on a recovery track and ready for major product and digital transformation initiatives to grow amid a challenging aviation industry.
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