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

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