Soaring fuel costs leave PAL with $159-M loss

Inquirer.net - Nov 5, 2026

MANILA, Philippines — Philippine Airlines (PAL) remained in the red in the first nine months of 2026, as skyrocketing fuel costs due to the Middle East conflict wiped out its modest revenue gains despite efforts to rein in expenses. Based on its latest financial report, the Lucio Tan-led flag carrier swung to a $159-million net loss

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