Filipino flag carrier Philippine Airlines (PAL) has posted a first-quarter net profit of PHP3.8billion ($85 million), up from a $20.7 million net loss in the same quarter last year. Last year (2014) saw the carrier register its first full year after-tax net profit of PHP129 million to December after three years of losses, with its last full profitable year in 2010-2011. PAL said first quarter revenues rose 30%, from $429 million in 2014 to $628 million in 2015. Total operating expenses in ...

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