MANILA -- Financial woes continue to mount for Philippine Airlines even as the flag carrier's parent says it is in the "final stages" of a plan to restructure its debt.
PAL Holdings on Thursday reported a net loss of 8.6 billion pesos ($178 million) for the three months through March, while its capital deficit -- the difference between assets and liabilities -- worsened by nearly 10 billion pesos to 83.9 billion pesos over the three months.
