Philtranco Service Enterprises Inc. Ceasing Bus Operations on March 30
This announcement was made in the internal memorandum of Philtranco Service Enterprise Inc., which was released to the public and dated February 2, 2026. According to the aforementioned document, the company has officially decided to halt its business operations, effective March 30, 2026. This decision was generated by uninterrupted financial losses.
Philtranco Service Enterprises Inc. has long been a known name in the Philippine land transportation sector for 111 years. The scheduled business stop marks a significant transition for the company and its employees after decades of service to the commuting public.
The announcement was made through the internal memorandum addressed to all employees of Philtranco Service Enterprise Inc. by the company’s President and CEO, Michael M. Sabban, wherein the management expressed deep regret over the decision, describing such as an absolute last resort taken only after all other possible alternatives have been exhausted by the company.
As mentioned in the notice, over the years, the company has faced prolonged financial difficulties despite its adamant efforts to sustain operations. To which have resulted in serious business losses, which leaves the company unable to continue meeting payroll obligations and operational requirements. It has also noted and acknowledged the significant impact of this heavy decision on the company’s employees and their families and have included the welfare of the employees as a key consideration throughout the decision-making process.
In its show of tribute, Philtranco honored its workforce, crediting its bus drivers, conductors, maintenance workers, and office workers as its backbone. According to the memorandum, Philtranco was more than just a bus company, with its rich legacy of over a century borne on the dedication, professionalism, and service of its workforce.
The company also expressed its gratitude for the commitment and resilience shown by its employees during the years, and they wished the employees all the very best for their future ahead of the company’s closure.