Philippine Airlines (PAL) has recorded a comprehensive income of P56.49 billion in 2021, a sharp turnaround from the 2021’s comprehensive loss of P73 billion. PAL’s consolidated revenues rose by 6.2 percent to P58.70 billion from P55.26 billion in 2020. “The significant increase in revenues was mainly due to the increase in cargo revenues as air cargo has been a vital partner in delivering essential goods since the COVID-19 pandemic,” it said. Cargo revenues rose almost by 60% to P15.02 billion. Passenger revenues decline by 11% to P37.26 billion. PAL emerged from the Chapter 11 restructuring in December 2021. The airline

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