Editorial Comment

PAL to embark on financial restructuring

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PAL to embark on financial restructuring

PAL Holdings (PHI), parent company of Philippine Airlines, has reported a net comprehensive loss of PHP73bn (approx. US$1.506bn) on total revenues of PHP55.3B and total expenses of PHP81.8B for the 2020 calendar year. For the three months to end March 2020, PHI has reported a net loss of PHP8.6bn ($...

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