Philippine Airline reports first positive full-year result for 2022 post pandemic

Philippine Airlines closed the year-2022 with a total comprehensive income of $196.9 and operating incomes of $297.2 million. The airline reported first positive full-year figure since 2019 attributing the success to relaxed pandemic restrictions across Asia. The airline recently disclosed its financial transactions for 2022 to Philippine Stock Exchange. The airline’s consolidated revenues grew 112% to $2.57 billion. Commenting on the positive result, Stanley K. Ng, President and CEO, PAL said: “Philippine Airlines continues to be on a journey of recovery and renewal, and we will make good use of our resources to improve our services for the benefit of