Philippine Airlines Loses $150 Million In First Half
Philippine Airlines lost 6.09 billion pesos (US$150 million) in the six months to Sept. 30, nearly three times the net loss of 2.12 billion pesos in the first half of fiscal 1997, according to Reuters. Revenue fell 33% to 11.74 billion pesos ($296 million) from 17.58 billion. Newspaper reports from...
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