Philippine Airlines' financial woes mount as restructuring looms

Parent PAL Holdings warns carrier 'will have a long way to go for recovery'

20210617 philippines airline story

Philippine Airlines is in "the final stages of a comprehensive restructuring plan," according to parent PAL Holding. (Source photos by Reuters)

CLIFF VENZON, Nikkei staff writer

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.

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