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Philippine Airlines income jumps more than six-fold

2 Jul 2016 03:02:54

rappler.com

Once-troubled flag-carrier Philippine Airlines (PAL) on Thursday, June 30, announced a 560% jump in its "comprehensive income" for 2015, signalling a remarkable recovery after a huge loss in the fiscal year 2013.


Low fuel prices and an increase in destinations and aircraft numbers boosted "comprehensive income" to $134.42 million for the period, the airline said in a statement.


Comprehensive income refers to the airline's net profit and other sources of income, a PAL statement said. It did not provide a specific breakdown.


Read full story: rappler.com

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