COVID-19 Contributes To Heavy Losses For PAL

Results for Q2 are expected to be even worse as the COVID-19 crisis takes it toll.
Credit: Nigel Howarth / Aviation Week
Philippine Airlines (PAL) has slumped to a deep net loss in the first quarter ending March 31 thanks to the COVID-19 crisis, but some positive signs are emerging with the planned resumption of many domestic and international flights this month. The carrier recorded a net loss of PHP9.4 billion ($189...

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