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Saturday, May 4, 2024

Transport & Tourism

PAL booked $81-m income in first quarter

Philippine Airlines (PAL) said Thursday its comprehensive income fell 25 percent in the first quarter to $81 million from $108.2 million in the same period in 2023. The Lucio Tan-led airline said the drop was an expected outcome as global travel patterns normalize following the post-pandemic surge of 2023. “Our positive bottom line confirms that we are on track with our growth strategies, in the areas of fleet growth, route network...

MPTC to buy stake in Indonesian toll operator by August

Metro Pacific Tollways Corp. (MPTC) expects to finalize the acquisition of a...

Air passenger demand increased 13.8% in March

The International Air Transport Association (IATA) said global passenger demand, measured in...

AirAsia PH hiring more pilots, crew

AirAsia Philippines said Tuesday it is hiring more pilots to meet the...

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NLEX Corp.’s income rose 38% in 3 months

NLEX Corp. said over the weekend its net income rose by 38 percent in the first quarter driven by traffic recovery and an increase...

DOTr gets support for pre-feasibility funding on North Integrated Transport System

The Department of Transportation said it obtained funding support from the Public-Private Partnership Center for the pre-feasibility study on the North Integrated Transport System...

PAL eyes other suppliers of engine parts to cut disruptions

Philippine Airlines said Thursday it implemented measures to normalize operations and minimize disruptions amid supply chain delays and unexpected technical issues. “To minimize disruptions and...

Grab launches solutions to help MSMEs

Grab Philippines said it launched a range of cutting-edge tech solutions and merchant partnership packages to enhance micro, small and medium enterprises’ adaptability to...

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