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More articles about: PAL

 
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Total losses nearing P50 billion.
Philippine Airlines had already announced in its annual report that it lost P10.31 billion in 2019, its biggest loss in its corporate history. “Stiff competition, matched with ever-increasing costs, have caused the PAL Group to incur losses over the last three years,” the ...
 
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It’s the biggest loss in the company’s history.
The Philippines’ flag carrier posted net losses of P10.31 billion in 2019, the third straight year that it has declared a net loss. In its annual report submitted to the Philippine Stock Exchange on Wednesday (May 20), PAL Holdings Inc. said Philippine Airlines’ ...
 
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It's the worst loss in the company's history.
PAL Holdings Inc. confirmed in a disclosure on the Philippine Stock Exchange that the company incurred a whopping net loss of $208 million or P10.54 billion in 2019.In an article published by Inquirer.net on March 2, the publication claimed that the airlines ...
 
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Employees will receive appropriate compensation and benefits.
Philippine Airlines has been forced to make a tough business decision as it grapples with the effects on the travel industry of the coronavirus. On Friday, February 28, the nation’s flag carrier issued a statement saying it was implementing a voluntary “separation ...
 
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The resignations follow other officials who have left the company in recent weeks.
Two board members of Philippine Airlines Inc. have resigned, the latest officials of the country’s flag carrier to leave the company in recent weeks. Amando Tetangco, the two-term former governor of the Bangko Sentral ng Pilipinas, tendered his resignation as independent director, according ...
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