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PAL’s net income jumped 604% in July

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The earnings streak set off by Philippine Airlines president and COO Ramon S. Ang continues as the July net income of the once money-losing flag carrier reached $11 million, bringing net income from January to July 2014 to $18.6 million.

Posted: August 20th, 2014 in Headlines,Latest Business Stories | Read More »

PAL changed course in Q2, posted income of P1.46B

SCREENGRAB from www.philippineairlines.com

The listed operator of Philippine Airlines made a turnaround in the second quarter of 2014, which typically sees a boost in travel due to the summer break, with the international business helping lift the flag carrier out of successive quarters of decline.

Posted: August 16th, 2014 in Headlines,Latest Business Stories | Read More »

Biz Buzz: No partners for PAL bid?

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Taipan Lucio Tan might be keen on buying back San Miguel Corp.’s stake in Philippine Airlines (PAL), consolidating his group’s control over the flag carrier, but it appears the pool of local wealthy investors is drier than we thought.

Posted: August 6th, 2014 in Columnists,Inquirer Columns | Read More »

Biz Buzz: Lowball offer for PAL

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Lucio Tan’s eagerly anticipated buyback offer to San Miguel for the latter’s stake in Philippine Airlines was presented to the conglomerate’s head honcho Ramon Ang last Friday, as scheduled.

Posted: August 4th, 2014 in Columnists,Featured Columns,Inquirer Columns | Read More »

Cebu Pacific eyes PAL’s unused Taiwan, Thailand entitlements

Budget carrier Cebu Pacific Air is seeking additional seat entitlements to Thailand and Taiwan as part of broader plans to ramp up its presence in the region, separate filings with the Civil Aeronautics Board showed last week.

Posted: August 4th, 2014 in Headlines | Read More »

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