Philippine Airlines yesterday reported net income of $140.3 million for its fiscal year ended March 31, its largest-ever annual profit and a more than sixfold improvement over last year's $22.8 million profit. "These solid results. . .confirm that PAL is fully recovered and is now firmly on track towards long-term profitability," President Jaime Bautista said. "We are consolidating these gains by reinvesting them in the business in order to further improve our products and services, which is ...

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