Philippine Airlines parent resumes trading after bankruptcy exit

Flag carrier aims to take off with more cargo and digitized operations

The parent company of Philippine Airlines resumed trading on Monday but is still seeking additional capital. © AP

CLIFF VENZON, Nikkei staff writer

March 28, 2022 13:30 JST

MANILA -- Philippine Airlines' parent company resumed trading on Monday following a nine-month hiatus, as the pandemic-hit flag carrier seeks to revamp its business after emerging from bankruptcy protection in December.

Shares of PAL Holdings opened unchanged at 6.05 pesos ($0.12) and soared over 15% during morning trade. Meanwhile, the benchmark Philippine Stock Exchange index dipped 0.06% at the opening bell.