THE operator of flag carrier Philippine Airlines, Inc. (PAL) saw its net loss widen by 6.5 percent to P799.7 million in the first quarter, up from P750.8 million a year earlier, as expanded operations came with higher fuel prices.
Revenues increased nearly 13 percent to P36.79 billion from P32.65 billion in January-March 2017 but expenses also rose by almost 14 percent to P36.9 billion from P32.4 billion, data released by PAL Holdings, Inc. last week showed.
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