Philippine Airlines: More Than 6-Fold Income


Image Source: Mike Amoroso, http://www.philstar.com

National carrier Philippine Airlines expects 2016 to be a profitable year despite increasing competition and overcapacity. At its annual stockholders meeting held yesterday at Century Park Hotel, Manila, PAL president and chief operating officer Jaime Bautista (right) said the flag carrier posted a net income of $132.73 million in 2015, 35 times the   $3.80 million recorded in 2014. Also in photo is PAL chairman Lucio Tan.

Source: Louella Desiderio, http://www.philstar.com

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