Tag parent

Airlines

Philippine Airlines parent cuts Q3 pre-tax loss

The parent company of Philippine Airlines, PAL Holdings, reported a smaller pre-tax loss during the third quarter of 2021, as growing revenue helped the company. Pre-tax loss for the quarter ended 30 September came in at 5.05 billion pesos, an…

Firdaus Hashim
November 18, 2021

Airlines

Thai AirAsia’s parent cleared by board to raise funds as Q3 loss widens

Thai AirAsia’s parent company, Asia Aviation (AAV), has secured board approval to raise 14 billion baht, following its 20 October announcement that it plans to raise funds by issuing convertible bonds and new shares to both new and existing shareholders. The…

Firdaus Hashim
November 15, 2021