Its once-dominant market share on domestic routes has been hammered by Cebu Pacific and other nimble upstarts.

FORBES: Lucio Tan May Be Ready To Sell Loss-Making Philippines Airlines

Gokongwei controls Cebu Pacific, the rival to PAL on domestic and regional routes.

FORBES: Lucio Tan May Be Ready To Sell Loss-Making Philippines Airlines

Rather, it is the emergence of Asian airlines such as Air Asia and Scoot, or Jetstar and Cebu Pacific.

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