As you have already read in the papers and heard in the news, Philippine Airlines will stop flying to Cagayan de Oro City and vice-versa beginning October 28, 2012 and its budget carrier, Airphil Express will takeover its flights.
Local officials have appealed to PAL management to retain Cagayan de Oro among its destinations (LINK). Airphil Express is reported to revive the PAL Express brand as announced by Ramon Ang, president of Philippine Airlines. (LINK)
Below is the official schedule of PAL Express flights effective October 28, 2012. Manila flights will use Airbus 320.