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19-Jan-2010 11:00 AM

Philippine Airlines monitoring Japan Airlines’ strategies regarding its bankuptcy issues

Philippine Airlines is reportedly monitoring Japan Airlines’ strategies regarding its bankruptcy issues, and the sharemarket’s reactions, after the Philippine carrier reported a USD304.4 million net loss in the 12 months ended 31-Mar-2009 (Aircargo Asia Pacific, 18-Jan-2010). PAL reportedly stated staff are unlikely to accept proposed pay cuts to reduce operating costs. 

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