PAL posts positive operating income

By The Manila Times

Apr 01, 2023 12:17 am

PHILIPPINE Airlines (PAL) Inc. on Friday announced an operating income of $297.2 million for 2022, its first positive full-year result since 2019.

The Lucio Tan-led airline registered an operating loss of $98.1 million in 2021 due to the travel restrictions and operating environment prevailing that year.

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