Philippine Air loss said to threaten privatisation
Chaitanya Kalbag MANILA, May 27, Reuter – Philippine Airlines Inc’s loss in the 1987/88 fiscal year may delay government plans to privatise the state-owned carrier, industry analysts say. PAL posted a net loss of 67.98 million pesos in the year ended March 31, a sharp decline from its 318 million peso net profit in 1986/87,…