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Stiff airline competition drags PAL performance

By Inquirer - 2 days ago
The operator of Philippine Airlines (PAL) registered 55-percent drop in net income during the first three quarters due to lower revenues despite flying more passengers amid the resurgence of air travel. In a disclosure on Tuesday, PAL Holdings Inc. reported that its net income had declined to P6.76 billion in January to September from P15.16

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