PAL revises forecast

1997-02-19T00:00:00

Philippine Airlines (PAL) has revised its projected loss for the financial year ending March to 2 billion pesos ($76 million), following the five-day staff strike of 1996 and lower-than-expected earnings in December. It had forecast reduced losses of 1-1.3 billion pesos, down from the 2.2 billion pesos loss reported for ...

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