Philippine Airlines Suffers $202M Loss, Chairman Pumps In Capital

PAL
Credit: Joe Pries
SINGAPORE—PAL Holdings, the parent company of Philippine Airlines (PAL), has reported a net loss of PHP10.3 billion ($202 million) for 2019, widening from the PHP4.3 billion deficit in 2018. As COVID-19 drags on, the airline’s chairman Lucio Tan, has reportedly pumped in at least PHP15 billion...

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