Philippine Airlines Returns To Profitability With Border Reopening
Credit: Rob Finlayson
SINGAPORE—After emerging from Chapter 11 proceedings on Dec. 31, 2021, Philippine Airlines (PAL) has posted its first half-year (H1) net profit since 2016. Much of this is attributable to the opening of the Philippines’ borders in February, which allowed fully vaccinated travelers from at least 150...
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