PAL records Profit for 3rd year in a Row
Philippine Airlines Books Record Year Profit of US$140 MLN
Philippine Airlines (PAL) on Thursday reported a net income of US$140.3 million for its financial year ending March 31, 2007, the largest profit in its 66-year history and an affirmation of the flag carrier’s robust financial health eight years into its restructuring program.In a report with the Securities and Exchange Commission (SEC), PAL said the surplus was a “significant improvement” over the preceding fiscal year’s profit of US$22.8 million - a more-than-six-fold jump.