Philippine Airlines (PAL) reported a 2019 second-quarter net loss of PHP2.3 billion ($43.6 million), widened from a PHP173.4 million loss in the year-ago quarter. A major reason for the decline was an increase in non-operating costs related to adopting a new accounting policy for certain items. Second-quarter revenue rose 10% year-over-year to PHP42 billion from PHP38.2 billion. The revenue increase outpaced PAL’s rise in costs for the quarter. The Philippine Stock Exchange asked ...

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