Air Transport World

Philippine Airlines.(reports financial results for July-Aug. 1999)(Brief Article)(Statistical Data Included)

Philippine Airlines said it posted a net profit of 109.2 million pesos ($2.7 million) for the months of July and August. It is the first time in several years that PAL has reported a profit. "The better-than-expected results sustained the momentum of PAL's gains in the April-to-June period," the carrier is quoted as saying. "More importantly, they put PAL on track to post its second successive quarterly profit at the end of Sept., or even better its annual financial targets set in the rehabilitation plan. …

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