Foreign airlines in PH use only 41pct of seat allocations
MANILA, Philippines - Foreign airlines have used less than half of their combined air seat entitlements with the Philippines last year, according to data from the Philippines' Investors Relations Office.
Foreign airlines from 15 countries used only 41.5% of their combined air seat entitlements with the Philippines in 2012. Of the total 10.04 million seat allocations, foreign airlines have used only 4.16 million seats.
Malaysia and South Korean airlines were on top, with entitlement utilization rates of 97.8% and 90.4%, respectively. In 2012, the Philippine government allotted 1.48 million seats for South Korea and 354,640 for Malaysia.
Hong Kong used 65.62% or 897,468 seats of its 1.37 million allocations in 2012. Australia had a 46% utilization rate, followed by Thailand (44%), Taiwan (34%), Singapore (31%), China (26%) and Japan (13%).
But local airlines from Canada, United Kingdom, Germany, India, Indonesia and Vietnam have not even used any of its 1.01 million seat entitlements with the Philippines last year.
On the other hand, the air seat utilization rate of local carriers, such as Philippine Airlines (PAL) and Cebu Pacific, was at 56.7% last year.
PAL has fully used its 109,200 seat entitlements to Canada last year. Philippine carriers also surpassed their annual seat allocation for Malaysia with 100.3% utilization rate.
Philippine airlines had the highest seat utilization to South Korea with 1.177 million, followed by Hong Kong (958,880), Singapore (882,554), China (617,760), Japan (533,624), Thailand (313,976), Taiwan (239,358), Indonesia (147,368), and Vietnam (122,304).