Oasis Management Company Ltd, a Hong Kong-based “activist” investment fund, reported that it has so far acquired a 5.76 percent stake in Lucio Tan-led and Philippine Airlines owner PAL Holdings Inc. In a disclosure to the Philippine Stock Exchange, Oasis Management said it bought the shares...
Incoming Philippine Airlines (PAL) President Richard Nutall (left) and incoming Executive Vice President and Chief Operating Officer (COO) Carlos Luis Fernandez (right) Flag carrier Philippine Airlines (PAL) has appointed British national and veteran airline industry executive Richard Nuttall as...
Philippine Airlines (PAL) creditors who accepted a debt-for-equity deal and a subsequent share swap will hopefully get to sell their stake in PAL Holdings Inc. at a substantial profit once the shares are listed on the Philippine Stock Exchange next week. In a notice issued by the Philippine Stock...
Flag carrier Philippine Airlines (PAL) reported a comprehensive net income of P9.48 billion for the first half of 2024, 30 percent lower than in the same period last year. Based on the disclosure of parent company PAL Holdings Inc. to the Philippine Stock Exchange (PSE), this is on the back of...
Philippine Airlines (PAL) reported a 25 percent decrease in comprehensive income to $81 million in the first quarter of 2024 from $108.2 million (P5.9 billion) for the same period in 2023. In a May 2 disclosure to the Philippine Stock Exchange (PSE) by its parent company PAL Holdings, Inc., PAL...
Flag carrier Philippine Airlines (PAL), the operating subsidiary of PAL Holdings Inc., reported a 92 percent jump in net income last year to $379 million or P21 billion, an all-time high and under the first year of leadership of Lucio Tan III, from the $197 million or P11 billion earned in 2022. In...
Three months after Lucio Tan III took the helm as president of PAL Holdings Inc. (PHI), the parent company of the country’s premier flag carrier Philippine Airlines (PAL), he reinstated key management positions in a swift move to build a corporate structure that strengthens the airline’s...
PAL Holdings Inc., the parent company of flag carrier Philippine Airlines reported total comprehensive income of P56.49 billion last year, a significant turnaround the total comprehensive loss of P73.00 billion in 2020. In a disclosure to the Philippine Stock Exchange, the firm said consolidated...
PAL-Aircraft_316x210px-1 Philippine Airlines’ (PAL) parent firm, PAL Holdings Inc., will double its authorized capital stock from P13.5 billion to P30 billion and issue 10.2 billion shares worth P12.75 billion via a private sale. Stockholders approved the move during their Nov. 25, 2021 annual...
PAL-Aircraft_316x210px-1 After slashing operating expenses in the first nine months of 2021, PAL Holdings Inc., the parent company of flag carrier Philippine Airlines (PAL), managed to stem its hemorrhage, bringing down losses from P28.58 billion in the same period in 2020 to P21.61 billion this...
Although the pandemic is still wreaking havoc in the aviation sector, flag carrier Philippine Airlines (PAL)'s parent firm PAL Holdings Inc. managed to cut its losses by 20 percent to P16.56 billion in the first six months of the year, from P20.75 billion in the first half of 2020. Gross revenues...
PAL Holdings Inc. (PHI) Thursday, (June 17) reported a net comprehensive loss of P73 billion on total revenues of P55.3 billion and total expenses of P81.8 billion for the 2020 calendar year. PAL Holdings managed to reduce its expenses by 46 percent versus 2019. However, this was offset by a 64...
