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                    [Title] => PAL’s bold moves in difficult times
                    [Summary] => The global aviation industry is barely clinging to life. In the aftermath of the Sept. 11 terrorist attacks in the US, three major carriers — Belgium’s Sabena, Canada 3000 and Swissair-have already declared bankruptcy. And in an attempt to stem a rising tide of red ink amid soaring costs and a sharp drop in passenger traffic, airlines all over the globe have laid off more than 100,000 workers and slashed import routes.


Almost every national carrier is in trouble as the worst turbulence in almost 50 years hit an industry that was already flying on a wing and  a prayer.

                    [DatePublished] => 2001-11-18 00:00:00
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HENY SO UY

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                    [Title] => PAL’s bold moves in difficult times
                    [Summary] => The global aviation industry is barely clinging to life. In the aftermath of the Sept. 11 terrorist attacks in the US, three major carriers — Belgium’s Sabena, Canada 3000 and Swissair-have already declared bankruptcy. And in an attempt to stem a rising tide of red ink amid soaring costs and a sharp drop in passenger traffic, airlines all over the globe have laid off more than 100,000 workers and slashed import routes.


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abtest

PAL’s bold moves in difficult times

November 18, 2001 - 12:00am

The global aviation industry is barely clinging to life. In the aftermath of the Sept. 11 terrorist attacks in the US, three major carriers — Belgium’s Sabena, Canada 3000 and Swissair-have already declared...

Business