In a year of deep restructuring and debt-shedding, Philippine Airlines has turned a loss into a solid in 2021. The carrier reported a Ps 60.6 billion net profit after tax, compared to a Ps 73.1 billion loss in the previous year, it reported on April 6. Philippine...
Exactly as planned, Philippine Airlines has emerged from Chapter 11 bankruptcy protection within four months of entering. The airline completed its restructuring on December 31, 2021, after having filed for voluntary bankruptcy protection with the New York Southern...
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 improvement from the...
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