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Philippine Airlines produces another profitable quarter

Philippine Airlines produces another profitable quarter

by Richard Schuurman | Nov 14, 2022 | Airlines | 0 comments

Philippine Airlines (PAL) continues to recover from the pandemic, reporting its third profitable quarter in a row. Philippine Airlines produces another profitable quarter. The parent company PAL Holdings produced a PHP 4.9 billion ($86.8 million) operating income...
Philippine Airlines returns to profit after restructuring

Philippine Airlines returns to profit after restructuring

by Richard Schuurman | Apr 7, 2022 | Airlines | 0 comments

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...
Philippine Airlines exits Chapter 11 on high hopes

Philippine Airlines exits Chapter 11 on high hopes

by Richard Schuurman | Jan 3, 2022 | Airlines | 0 comments

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...
Philippine Airlines parent cuts Q3 pre-tax loss

Philippine Airlines parent cuts Q3 pre-tax loss

by Firdaus Hashim | Nov 18, 2021 | Airlines | 0 comments

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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