Struggling To Grow? The Fleet Of Philippine Airlines In 2024

Summary

Philippine Airlines has seen a modest fleet expansion from 76 to 79 aircraft since October 2022, despite challenges in acquiring new Airbus A350 or Boeing 777 models to meet post-pandemic demand. The airline reported its first profit since 2019, with a significant revenue increase due to lifted travel restrictions. It has ordered nine A350-1000s for long-haul routes and is considering replacements for its A330-300s. The addition of ex-Garuda 777-300ERs and reactivation of stored aircraft address short-term capacity needs.

Takeaways

• 📈 Philippine Airlines' fleet has grown from 76 to 79 aircraft since October 2022.
• 🔄 The airline has reported its first post-pandemic profit, marking a significant financial recovery.
• 🛫 To meet increased demand, Philippine Airlines has faced challenges in acquiring new Airbus A350 or Boeing 777 aircraft.
• 🆕 The airline has ordered nine new Airbus A350-1000s to expand its long-haul capabilities.
• 🌐 The A350-1000s are intended for non-stop transpacific and transpolar routes, connecting the Philippines with North America and Europe.
• ✈️ The fleet includes a mix of aircraft such as Dash 8-400s, A320-200s, A321-200s, A330-300s, A350-900s, and 777-300ERs.
• 🔄 Some aircraft, like the Dash 8 and A330-300s, were reactivated from storage to bolster the fleet.
• 🌐 The airline has added a Boeing 777-300ER previously operated by Garuda Indonesia, with another expected soon.
• 💹 2022 revenue showed a 112% increase compared to 2021, largely due to lifted travel restrictions.
• 🔧 Philippine Airlines is considering replacements for its A330 fleet in the next few years, potentially with the A330neo series.

Q & A

How many aircraft did Philippine Airlines have in October 2022?

Philippine Airlines had 76 aircraft in October 2022.

What was the first post-pandemic profit reported by Philippine Airlines?

Philippine Airlines reported an operating income of $297.2 million and a total comprehensive income of $196.9 million for 2022.

What challenges did Philippine Airlines face in expanding its fleet post-pandemic?

Philippine Airlines faced difficulties in finding available Airbus A350 or Boeing 777 aircraft to meet the post-pandemic demand.

What new aircraft order did Philippine Airlines place to address its fleet needs?

Philippine Airlines placed an order for nine Airbus A350-1000s, starting with a Memorandum of Understanding in May 2023.

How many passengers does Philippine Airlines plan to accommodate on its A350-1000 aircraft?

Philippine Airlines plans to accommodate 380 passengers on board the A350-1000 in a three-class configuration.

What is the current total number of aircraft in Philippine Airlines' fleet?

As of the information provided, Philippine Airlines has 79 aircraft in its fleet.

Which aircraft were reactivated by Philippine Airlines after being stored?

Philippine Airlines reactivated a Dash 8 stored in North Bay, Ontario, Canada, and two Airbus A330-300s that had been stored at various facilities in Europe.

What was the financial performance of Philippine Airlines in 2022 compared to 2021?

The 2022 revenue of Philippine Airlines was up 112% over the revenue posted in 2021.

Which aircraft did Philippine Airlines acquire from Garuda Indonesia?

Philippine Airlines acquired a Boeing 777-300ER from Garuda Indonesia in March 2024.

What is the average age of the A330-300s in Philippine Airlines' fleet?

The average age of the A330-300s in Philippine Airlines' fleet is a little over 10 years.

What is the potential replacement for the A330-300s in Philippine Airlines' fleet?

The potential replacement for the A330-300s could be the A330-900 of the A330neo series, as seen with other carriers in the Southeast Asia region.