Philippine Airlines posted a profit of $30.6 million in its fiscal year ended March 31, down 76.6% from the $130.5 million earned in the previous 12 month period. Still, PAL called it a "noteworthy result in the escalating-fuel-price environment that has battered the aviation industry since last year." It is the restructured carrier's fourth consecutive full-year profit. Operating revenue rose 15% to $1.46 billion and expenses were up 14.9% to $1.37 billion. Operating profit increased 19.9% ...

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