MANILA, Philippines — After nearly 112 years in service, the Philtranco Bus Company announced it was shutting down its operations due to "serious business losses," its President and CEO Manuel Sabban said. In a letter to employees dated Feb. 2, Sabban said they would cease operations effective March 30, 2026. "For years, we have fought an uphill battle to keep our wheels turning. However, due to serious business losses, we can no longer sustain our business operations," Sabban said.. He also saluted the company's drivers, conductors, maintenance and office staff for their hard work and dedication. "Philtranco is more than a bus line; it is a century long legacy built on your sweat and dedication," he said. The bus company also changed its Facebook profile photo to a darker shade, symbolizing its closure. Started in 1914, Philtranco is known as the bus company with a nationwide public transport franchise, with 250 buses serving passengers across the country — from PITX to Davao City and several other nationwide routes. It is also the oldest bus operator in the Philippines and in Asia. According to its website, Philtranco has over 100 destinations nationwide and 200 daily trips, as well as serving over a million "happy" passengers. "We combine decades of experience with modern amenities to give you the best travel experience," Philtranco's website read.