Taipan Lucio Tan’s PAL Holdings Inc. said in a stock exchange filing on Friday that losses widened from P838.2 million in the same period in 2019.
Passenger ticket sales, which accounts for the bulk of PAL’s revenue, fell 21.4 percent during this period. Total revenue went down 18.3 percent to P32.1 billion while expenses increased 5.2 percent. PAL said flying costs went up due to hedging losses.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How PAL will implement social distancing in flights
Source: ABSCBNNews - 🏆 5. / 83 Read more »
Switzerland economy shrinks 2.6% in Q1 2020The Swiss service sector is particularly affected by business closures and restrictions in the 1st quarter of 2020.
Source: rapplerdotcom - 🏆 4. / 86 Read more »
How PAL will implement social distancing in flights
Source: ABSCBNNews - 🏆 5. / 83 Read more »
U.S. launches 1st Taliban air strikes since Afghan ceasefire endUS forces spokesman Sonny Leggett says the two assaults took place on Thursday, June 4, and Friday, June 5, in separate provinces in Afghanistan.
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Thurman chases Pacquiao rematch'I want my belt back,' says Keith Thurman almost a year after absorbing his first career loss against Manny Pacquiao.
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Venice flooded by unusual high tide, 3rd highest for JuneA quarter of Venice has been submerged by a near-record high tide for June, a time of year when such flooding is rare. | AP
Source: inquirerdotnet - 🏆 3. / 86 Read more »