MANILA, Philippines--(BUSINESS WIRE)--Philippine Airlines Inc. (PAL) announced today that it has emerged from its voluntary Chapter 11 proceedings as a more efficient airline with a strengthened ...

Philippine Airlines Inc. won court approval for its reorganization plan, paving the way for the carrier to exit bankruptcy, cut $2 billion in debt and revive its fortunes after a slump in ...

Philippine Airlines President Richard Nuttall says the company is entering a new phase of growth and exploring options to raise capital. The Philippines' flag carrier has had a successful turnaround ...

A plane and a shuttle bus belonging to Philippine Airlines PAL are seen at the Manila Ninoy Aquino International Airport NAIA terminal 1 in Paranaque City, the Philippines, on February 3, 2021.

PAL Holdings swung back to profitability – helped by a reduction in costs – as the group eyes growth and recovery this year. For the year to 31 December 2021, the parent company of flag carrier ...

PAL Holdings—Philippine Airlines’ parent company which is controlled by billionaire Lucio Tan—has returned to the black in 2021, ending four years of losses after the flag carrier downsized its fleet, ...

MANILA, Dec 15 (Reuters) - Philippine senators on Wednesday approved a bill that will allow full foreign ownership of public services like telecommunications, airlines and domestic shipping firms. The ...

Philippine Airlines (PAL) swung to an operating profit of $298 million in 2022, the first positive operating figure since 2019. The operating figure marks a sharp improvement from 2021, when the ...