"Flag carrier Philippine Airlines (PAL) sustained a 55-percent drop in its profit in the nine months to September, dragged by declining passenger revenues and spiking aviation costs.
PAL’s parent PAL Holdings Inc. reported yesterday that its net income fell by more than half to P6.76 billion between January and September, from P15.16 billion a year ago."
https://www.philstar.com/business/2024/11/13/2399633/pal-profit-down-spending-spurt"PAL is PAL" they say. "No matter what, Filipinos will fly us", they say.