Philippine Airlines widens 2Q losses on higher costs

Credit: Rob Finlayson
Philippine Airlines (PAL) reported a 2019 second-quarter net loss of PHP2.3 billion ($43.6 million), widened from a PHP173.4 million loss in the year-ago quarter.A major reason for the decline was an increase in non-operating costs related to adopting a new accounting policy for certain items.Second...

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