Things are looking up for Philippine Airlines philstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from philstar.com Daily Mail and Mail on Sunday newspapers.
For the first time since 2017, Lucio Tan-owned Philippines Airlines turned a profit last year – roughly $86 million in unaudited net income – a tremendous feat considering the devastating impact of the COVID-19 pandemic the past two years.
Asia’s oldest airline, Philippine Airlines, has certainly been through a lot of economic turbulence within the Philippines and in Asia, along with numerous changes in political headwinds on the local front.
PAL Express, the low-cost subsidiary of Philippine Airlines, is also expected to name a new president soon to succeed Bonifacio Sam who is set to retire supposedly in March, industry sources tell me. Depending on new developments, his retirement may come earlier. Or later.
Tan asks PAL employees to support son-in-law Stanley Ng philstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from philstar.com Daily Mail and Mail on Sunday newspapers.